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 Steady, But Economists Predict Turbulence

U.S. long-term mortgage rates have had a flat week, but economic observers warn that volatility could be on the way. So reports MarketWatch.

Arrow up entrepreneur 1340649 640According to Freddie Mac, the average on the 30-year fixed-rate mortgage was 3.55% for the week ending Feb. 3, the same as the week before.

Danielle Hale, chief economist at Realtor.com wrote in a research report, “The apparent stability in weekly rates averages out some bigger day-to-day swings in both mortgage and other long-term rates, so home shoppers should be prepared for a bit less calm than the weekly data suggest.”

Read the full article from MarketWatch.

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