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 Drop for Third Straight Week

Friday, Mar 31 2023
Lending
Written by  The Mortgage Leader

U.S. long-term mortgage rates have seen a third consecutive weekly decline as markets adjusted to the impact of bank turmoil on the Federal Reserve’s inflation-fighting efforts. So reports CNN.

arrow down icon 157360 1280According to Freddie Mac, the average on the 30-year-fixed rate was 6.32% in the week ending March 30, versus 6.42% the previous week and 4.67% a year earlier.

Freddie Mac economist Sam Khater said in a news statement, “Economic uncertainty continues to bring mortgage rates down.”

Read the full article from CNN. 

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