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 Rates Dip to Lowest Since September 2022

Monday, Jan 23 2023
Lending
Written by  The Mortgage Leader

Fresh indicators of cooling inflation have pushed long-term U.S. mortgage rates to their lowest levels since last September. So reports CNN.

Freddie Mac 150x150According to Freddie Mac, the average on the 30-year fixed-rate mortgage was 6.15% in the week ending January 19, down 18 basis points from the previous week. That’s still up from 3.56% a year ago.

Freddie Mac economist Sam Khater noted that the decline came amid signs that inflation might have peaked.

Read the full article from CNN.

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