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 Rise, Snapping Four Weeks of Declines

Friday, Feb 10 2023
Lending
Written by  The Mortgage Leader

U.S. long-term mortgage rates have posted a weekly increase after dropping for each of the four previous weeks. So reports CNN.

arrow up iconAccording to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.12% in the week ending February 9, compared with 6.09% the previous week and 3.69% a year earlier.

An unexpectedly robust jobs report indicated the Federal Reserve would likely keep raising its benchmark lending rate to fight inflation.

Read the full article from CNN. 

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