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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Refinances Hit 7-year High As Mortgage Rates Stay Down

Wednesday, Feb 19 2020
Lending
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Mortgage rates have edged higher but remain near historic lows, driving a surge in refinancing activity. So reports CNBC.

According to Freddie Mac, the average for the 30-year fixed-rate mortgage was 3.47% for the week that ended February 13, versus 3.45% a week earlier. That’s still the second-lowest since October 2016.

According to the Mortgage Bankers Association, weekly refinance activity climbed to its best since June 2013.

Read the full article from CNBC.

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