Explore the evolving landscape of mortgage origination, influenced by shifting interest rates, housing market dynamics, and regulatory changes. Discover strategies for lenders to adapt and thrive in this dynamic environment.
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The recent turmoil in the financial markets did not extend to mortgage rates, which leveled off. So reports MarketWatch.
According to the latest Freddie Mac data, the 30-year fixed-rate mortgage averaged 3.6% for the week ending August 15. That’s the same as the prior week and still the lowest since early November 2016.
The 15-year fixed-rate mortgage was 3.07%, up from 3.05% a week earlier, Freddie Mac said.
