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 to 15-Year High

Saturday, Oct 01 2022
Lending
Written by  The Mortgage Leader

U.S. long-term mortgage rates have risen for a six consecutive week, to levels unreached since before the Great Recession. So reports The Guardian.

Freddie Mac 150x150According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.7% in the week ending September 29, up from 6.29% the prior week.

That’s the highest mark since 2007 and compares with 3.01% a year ago.

Read the full article from The Guardian. 

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