Mortgage Rates See Largest 3-Month Increase Since 1987

In late March, 30-year mortgage rates experienced their largest 3-month increase since May 1987 – up 1.56 percentage points since the end of 2021. A recent chart shared on twitter by Len Kiefer, Deputy Chief Economist at Freddie Mac, who helps “people understand the economy, housing, and mortgage markets” illustrates these increases going back to 1987. Continue reading HERE...