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.

Estimated reading time: 0 minutes, 27 seconds

Mortgage Rates Slip As Home Demand 'Thawing': Freddie Mac

Friday, Jan 27 2023
Lending
Written by  The Mortgage Leader

U.S. long-term mortgage rates have edged lower as financial market participants awaited the Federal Reserve’s interest rate-setting meeting. So reports CNN.

arrow down icon 157360 1280According to Freddie Mac, the average on the 30-year fixed-rate mortgage was 6.13% in the week ending January 26, a drop of two basis points from the prior week.

“Mortgage rates continue to tick down and, as a result, home purchase demand is thawing from the monthslong freeze that gripped the housing market," Freddie Mac economist Sam Khater said in a statement.

Read the full article from CNN. 

Read 1472 times
Rate this item
(0 votes)
More in this category: « CFPB Updates Mortgage Servicing Examination Procedures Ex-Rocket Mortgage Exec Ascends to CEO of QC Ally »

FOLLOW US