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 Soar to Pre-pandemic Levels

Friday, Feb 11 2022
Lending
Written by  The Mortgage Leader

U.S. long-term mortgage rates have jumped to pre-pandemic levels. So reports CNN.

arrow 2790272 640 300x300According to Freddie Mac, the average for the 30-year fixed-rate mortgage was 3.69% in the week ending February 10, up 14 basis points from the previous week for the highest since January 2020.

“Rate increases are expected to continue due to a strong labor market and high inflation, which likely will have an adverse impact on homebuyer demand," Freddie Mac chief economist Sam Khater said in a statement.

Read the full article from CNN. 

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