CORPUS CHRISTI, Texas — Mortgage rates already have surpassed 2021 levels and they're not falling anytime soon.
The 30-year fixed-rate mortgage averaged 3.22 percent. And the National Association of Realtors estimates it will climb to about 3.7 percent by the end of the year.
Rates have been expected to rise as the economy improves and inflation looms.
And while this could make affording a home more difficult, it also cool the hyper-competitive housing market.