⏩ Mortgage Rate Outlook: September 2022

Mortgage Rate Alert - September 8, 2022 [view in browser]( [Bankrate®]( More rate hikes are imminent - get ahead and compare today's top offers [Dummy image] [Compare top offers]( top 30-year cash-out offers [rates]( [rates]( [View more cash-out offers]( top 30-year home purchase offers [rates]( [rates]( [View more home purchase offers]( # [ ] [Rates on Bankrate are 0.68% lower¹ than the national average](#) Shop and lock in a low rate now before the next national rate release. [ ] [ ] [Bankrate average](#) [ ] [National average](#) [ ] Rate comparison [ ] [Compare lower rate quotes]( [ ] ¹Based on comparison of Bankrate's average refinance rates advertised by Bankrate partners vs. average national mortgage rates as reported by a survey of the 10 largest banks in 10 large US markets as of 8/24/2022. Terms and conditions apply. NMLS ID#1427381 NMLS ID#1743443 # Where will rates go in September? If the assessments from key experts prove out, September rates will probably remain in the same territory they are now, swinging up and down slightly. “The economy will slow faster than inflation, so more yo-yo action should be expected in September,” Bankrate chief financial analyst Greg McBride says. “The average 30-year fixed will be between 5.6 percent and 6.0 percent, with the average 15-year fixed rate in the 4.75 percent to 5.0 percent neighborhood.” Rick Sharga, executive vice president of Market Intelligence for ATTOM Data Solutions, echoes that prediction. Another metric at play in the weeks ahead is the yield on 10-year U.S. Treasuries. Every time these yields have passed 3 percent recently, we’ve observed a corollary hike in mortgage rates, “so that could be an X-factor over the next few months,” Sharga adds. The degree to which the Fed can tame inflation is the single biggest rate factor to watch this autumn, according to Sharga. “The recent dip in inflation from 9.1 percent to 8.5 percent was a step in the right direction, but it’s still one of the highest inflation rates in over 40 years,” Sharga says. “Fed chairman Powell has pledged to remain aggressive in fighting inflation, which makes more rate hikes imminent. But the rapid and dramatic increase in mortgage rates has put the brakes on what had been a white-hot housing market.” For more on September's forecast, read the [complete article](. take your next step [Mortgages]( [Wealth]( [Credit cards]( [Loans]( [Investing]( [Home equity]( [Insurance]( [Retirement]( [fb]( [insta]( [in]( [tw]( [yt]( [tiktok]( Advertising Disclosure: The table above is a snapshot of our current rate table and does not include all available rates. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where and in what order products appear. This table does not include all companies or available products. Bankrate does not endorse or recommend any companies. *Offers based on a $260,000 loan amount. Bankrate, LLC NMLS ID #1427381 | [NMLS Consumer Access]( BR Tech Services, Inc. NMLS ID #1743443 | [NMLS Consumer Access]( © 2022 Bankrate LLC. All Rights Reserved. Bankrate LLC • 38 01 PG A Boul evard • Su ite 5 55 • Palm Beach Gardens, FL 33410 You received this update at [{EMAIL}](mailto:) because you have a Bankrate account. You may unsubscribe from this email [here](. View our [privacy policy](.