By Kimberly Lankford
From Kiplinger’s Personal Finance
The average fixed rate on a 30-year mortgage, which fell below 3 percent in mid 2020, reached 6.77 percent in February 2024, according to the Federal Reserve Bank of St. Louis. So if you bought a home between 2011 and early 2022, you may be thinking twice about moving and giving up your loan with a low fixed rate.
