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 Slip Closer to Record Bottom

Tuesday, Apr 21 2020
Lending
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A third straight week of declines has brought mortgage rates inching closer to their all-time low. So reports MarketWatch.

According to Freddie Mac, the 30-year fixed-rate mortgage averaged 3.31% during the week ending April 16, down from 3.33% the week before. The 30-year home loan’s average touched a record low of 3.29% in early March.

Concerns about investors’ capacity to repay loans have constrained demand for mortgage-backed securities, ultimately reducing lenders’ abilities to cut rates more.

Read the full article from MarketWatch.

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