Mortgage Industry Adapts to Rising Interest Rates The U.S. mortgage industry is adapting to rising interest rates, transforming lending strategies, and borrower behaviors. This article explores the implications for lenders and borrowers, offering insights into new trends and strategies.

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Mortgage Demand Jumps Amid Refi Rush

Friday, Feb 04 2022
Lending
Written by  The Mortgage Leader

A measure of weekly mortgage demand has climbed as surging interest rates prodded homeowners to lock in savings from refinancing while they still could. So reports CNBC.

MBAAccording to the Mortgage Bankers Association’s seasonally adjusted index, applications to refinance a home loan were up 18% in the week ending Jan. 28. That’s still 50% lower than a year ago.

Home purchase loans rose 4% on the week, a 7% year-over-year decline.

Read the full article from CNBC. 

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