Hi Matt Padgett with Keystone Mortgage! A question we get a lot is: “Where are mortgage rates going? Are they going up or down?” Honestly, right now I don’t know where they’re going to go. There are so many factors over the last three months that have told me interest rates are going to go up and then we get, like last week, we get the Omicron variant thrown in which pushed the Treasury yields lower. With so many things going on, with inflation, with the Federal Reserve saying that they’re going to stop mortgage buy back, security and bods at the different rates. They have been buying to boost up the economy in order to cool inflation and then with the different variants… Covid rates have been all over the place lately – up one week, down the next. KI really don’t know where they are going but if we can get it under control, my guess would be that due to inflation and due to the Federal Reserve pulling back on their purchases of mortgage backed securities that we will see rates increase throughout 2022. But it’s anybody’s guess at this point. If we can help you in any way or for more information, give us a call at (865)-909-0211.