Mortgage rates have been rising steadily ahead of next week
fed funds rate by a quarter of a percent.meeting, where the Fed is expected to raise the target
In response to high inflation, the Fed has been winding down its COVID-era policies, which were initially put in place to reverse the economic damage caused by the pandemic. This liquidation includes the gradual reduction of its asset purchases and the increase in the fed funds rate. As a result, mortgage rates are rising and will likely continue to rise through 2022.