Today’s Mortgage Interest Rates: Party’s Over? Rates Top 3%

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Say goodbye to sub-3% mortgage rates—at least for now. The average rate on a 30-year fixed-rate mortgage is 3.02%, the first time in nearly eight months it’s broken the 3% barrier.

This is not a surprising development. Many experts predicted rates would rise in 2021, buoyed by more stimulus relief and Covid-19 vaccine rollout. That’s exactly what’s happening.

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Original Article Source Credits:   Forbes , https://www.forbes.com/

Article Written By:  Natalie Campisi

Original Article Posted on:  Mar 4, 2021

Link to Original Article:  https://www.forbes.com/advisor/mortgages/mortgage-interest-rates-3-4-21/

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