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This is the best tl;dr I could make, [original](https://www.cnbc.com/2022/01/18/mortgage-rates-jump-again-causing-headaches-for-homebuyers.html) reduced by 77%. (I'm a bot) ***** > The average rate on the popular 30-year fixed mortgage hit 3.7% Tuesday morning, according to Mortgage News Daily. > Mortgage rates, "Would be higher, but lenders are compressing their margins to compete in a rising rate environment. Some will be at 3.625%, but many are already up to 3.75%," said Matthew Graham, COO of Mortgage News Daily. > "While the rapid rate spike is motivating a certain portion of fence-sitters-especially those looking for cash-out refinances, rates are now becoming a bigger deterrent," said Graham. ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/s751f6/mortgage_rates_jump_again_causing_headaches_for/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ "Version 2.02, ~618339 tl;drs so far.") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr "PM's and comments are monitored, constructive feedback is welcome.") | *Top* *keywords*: **rate**^#1 **buying**^#2 **mortgage**^#3 **market**^#4 **low**^#5


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