Today's mortgage and refinance rates: April 20, 2022

Are rising mortgage rates finally going to cool the white-hot housing market? Possibly - but that doesn't mean affordability will improve.

Fannie Mae predicted in its April forecast that homebuying demand would slow over the next two years, as would-be buyers opt to keep mortgages they acquired at much lower rates and first-time buyers face steep prices.

Homebuyers face a tough time at the moment, especially those whose affordability has been affected by the shift in interest rates, says Robert Heck, vice president of mortgage at Morty.

Current Mortgage Rates for April 20, 2022

Interest Mortgage Rate : 3.5 % APR : 3.82 %

Current Mortgage Rates for April 20, 2022

Watermark Home Loans Rate : 3.5 % APR : 3.83 %

Current Mortgage Rates for April 20, 2022

InterFirst Rate : 3.4 % APR : 3.84 %

Current Mortgage Rates for April 20, 2022

BlueSpot Home Loan Rate : 4 % APR : 3.75 %

Current Mortgage Rates for April 20, 2022

Homefinity Rate : 4 % APR : 4.02 %

Current Mortgage Rates for April 20, 2022

Sage Mortgage Rate : 4 % APR : 4.02 %