According to Freddie Mac, the 30-year fixed-rate mortgage averaged 3.55% in the week ending January 27, down only one basis point from the previous week.
At the same time in 2021, the benchmark rate stood at 2.73%.
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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.
Estimated reading time: 0 minutes, 18 seconds
Mortgage Rates Drift at Highest Levels Since Pandemic
U.S. long-term mortgage rates have held basically steady, remaining at their highest levels since the pandemic hit in early 2020. So reports MarketWatch.
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