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 for Fourth Straight Week

Friday, Feb 03 2023
Lending
Written by  The Mortgage Leader

U.S. long-term mortgage rates have fallen modestly, posting their fourth consecutive week of declines. So reports CNN.

Freddie Mac 150x150According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.09% in the week ending February 2, off four basis points from the prior week.

Rates were at their lowest since September and almost a whole point below last year’s high of 7.08% from early November.

Read the full article from CNN.

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