Wondering when the current mortgage rate rollercoaster will end? The main explanation for the recent rise in rates is simple: The Federal Reserve is on a mission to combat inflation. That means the Fed plans to raise short-term interest rates in 2022, and mortgage rates generally follow the same path. On the other side of the coin, competing forces are pushing rates lower. For example, investors are taking money out of the stock market and putting it into safer investments like mortgage bonds. This growing demand leads to lower rates. Ultimately, the good news is that rates have a good chance of becoming attractively low in the long-term if a recession doesn’t begin to affect the economy.