As we head into 2023, the average 30-year mortgage rate is almost 7%, more than double where it was at the start of 2022. In this video, Certified Financial Planner® Matt Frankel and Fool.com contributor Tyler Crowe discuss where they see mortgage rates going this year.
Mortgage rates more than doubled in 2022, but will homebuyers get some relief?
About the Author
Matt Frankel, CFP, is a contributing Motley Fool stock market analyst and personal finance expert covering financial stocks, REITs, SPACs, and personal finance. Prior to The Motley Fool, Matt taught high school and college mathematics. He holds a bachelor’s degree in physics from the University of South Carolina, a master’s degree in mathematics from Nova Southeastern University, and a graduate certificate in financial planning from Florida State University. He won a SABEW award for coverage of the 2017 Tax Cuts and Jobs Act. He is also regularly interviewed by Cheddar, The National Desk, and other TV networks and publications for his financial, stock market, and investing expertise.