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 Hold Above 7% for Fifth Straight Week

Friday, Sep 15 2023
Lending
Written by  The Mortgage Leader

U.S. long-term mortgage rates have remained above 7% for five consecutive weeks amid ongoing inflation concerns. So reports CNN.

arrow 2790272 640 150x150According to Freddie Mac, the 30-year fixed-rate mortgage averaged 7.18% as of September 14, up from 7.12% a week earlier and 6.02% a year before.

Freddie Mac’s chief economist, Sam Khater, cited a robust economy and resurgent inflation.

Read the full article from CNN. 

 

 

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