Daily Market News
Daily Stock Markets News

Today’s Mortgage, Refinance Rates: Sept. 22, 2022

Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page.

As expected, the Federal Reserve decided to enact another 75-basis-point hike to the federal funds rate at its meeting yesterday. This is the third time in a row the central bank has increased its benchmark rate this much, and more hikes are likely coming at its November and December meetings.

Borrowers should expect mortgage rates to remain elevated as the Fed continues tightening monetary policy.

Mortgage rates aren’t directly influenced by the federal funds rate, but they are impacted by investor expectations. Right now, most investors expect the Fed to continue aggressively raising rates until inflation shows sustained signs of slowing.

So far, prices have remained relatively stubborn, so the cost of borrowing — including for mortgages — is likely to remain high for the foreseeable future. But rates may start to come down later next year.

Mortgage rates today

Mortgage type Average rate today















This information has been provided by
Zillow. See more
mortgage rates on Zillow

Mortgage refinance rates today

Mortgage type

Read More: Today’s Mortgage, Refinance Rates: Sept. 22, 2022

Notify of
Inline Feedbacks
View all comments

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.