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The Knudson File: 30-year Mortgage Rates on an Upward Trend

30-year mortgage rates are on an upward trend as the economy and employment improve, the Fed is turning its attention to inflation.  Longer-term interest rates have increased in anticipation of these changes.

For the past week ending Thursday Jan 27th 2022, 30-year mortgage rates were down slightly at 1b to 3.73%  resulting in a monthly payment of $462 for a $100,000 loan.  33% of the payment goes to amortization, tax benefit is estimated to be 20%.  The net cost to borrow is $217 or $7.24 a day.

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