![Finances and budgeting, businessman stacking coins](https://getfastlending.com/wp-content/uploads/2022/01/finances-and-budgeting-businessman-stacking-coins-300x300.jpg)
2022 Increase in Mortgage Interest Rates: What it means for buying, selling, and refinancing
Mortgage interest rates are on the rise. Last week ended with a 30-year fixed-rate mortgage averaged at 5.11%. That’s up from 2.97% last year at this time. The increase impacts everyone.