by Calculated Risk on 7/05/2022 03:56:00 PM
Today, in the Calculated Risk Real Estate Newsletter: 30-Year Mortgage Rates Decrease to 5.50%
… Here is a graph from Mortgagenewsdaily.com that shows the 30-year mortgage rate since 2010. Although mortgage rates have fallen sharply over the last 2 weeks, rates are still much higher than earlier this year.
The sharp increase in rates in mid-June was related to a stronger than expected CPI report. Since then, inflation readings have been closer to expectations.