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A mortgage rate is the amount of interest paid on the mortgage, quoted as an Annual Percentage Rate (APR). Current mortgage rates are 4.23% for a 30-year .
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Mortgage rates: What the latest Fed rate hike means for. – · Where mortgage rates will end 2017. Rates are likely to rise to 4.25% to 4.50% by the end of 2017.” Fratantoni also expects 30-year rates to be near 4.5% by the end of the year – and above 5% by the end of 2018. “We think [the Fed will] hike once more in September and then probably three or four times in each of the next couple of years,” Fratantoni says.
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