RE:RE:RE:RE:30-Year Fixed Rate Mortgage Highest in 2 Years right now2022-01-26: The average fixed 30-year mortgage rate increased to 3.72% from 3.64%, hitting a new high since March 2020. The mortgage rate is rising much faster than expected. 3.7%+ was expected for Q3-22. Also mortgage applications dropped -7:4%. Leading indicators are looking good.