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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30-Year Mortgage Rate Dips to One Basis Point of All-Time Low

Monday, May 25 2020
Lending
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Long-term U.S. mortgage rates have slipped, remaining near record lows. So reports MarketWatch.

According to Freddie Mac, the average rate for the 30-year fixed-rate mortgage slipped four basis points to 3.24% in the week ending May 21. That’s one basis point above the all-time low of 3.23% hit earlier this year.

The 15-year mortgage averaged 2.7% on the week, down two basis points from a week earlier.

Read the full article from MarketWatch.

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