As of October 19, 2022, the 30-year fixed mortgage rate is 7.22%, the FHA 30-year fixed rate is 7.26%, the VA 30-year fixed rate is 7.29% and the jumbo 30-year fixed rate is 6.02%.
Mortgage rates have doubled since the start of the year, even after registering the biggest quarterly climb in 28 years during the first quarter. While some housing experts say rates may not get much higher this year, others say it will climb further, pointing to six consecutive weeks of increasing rates through September, per Forbes.
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30 year fixed mortgage rate is 7.22%
10/20/2022
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