MARKET UPDATE BLOG

April 2022 interest rate update

April 2022 Interest Rate Update

April 7, 2022

The Federal Reserve’s March meeting ended on Wednesday with policymakers signaling that surging inflation along with a tight labor market could warrant a half-point rate hike at future meetings.

This type of “hawkish” tone from the Fed along with increased inflation statistics has moved the benchmark 10 year Treasury from 1.33% a year ago to 2.65% at the close of the market today.

This is still low from a historical standpoint. We thought that the charts below would point this out. The current market for fixed-rate loans looks like the following:

  • 3-year fixed from 3.50-4.50%
  • 5-year fixed from 3.90-5.00%
  • 10-year fixed from 3.90-5.00%
  • 15-year fixed from 4.00-5.00%
  • 20-year fixed from 4.25-5.25%

 

April 2022 interest rate update

 

April 2022 interest rate update