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 Slips Back Below 3%

Friday, May 28 2021
Lending
Written by  The Mortgage Leader

After rising to 3% the previous week, the rate on the 30-year mortgage averaged 2.95% in the week ending May 27, according to Freddie Mac. So reports Bankrate.

arrow 98577 1280Rates have drifted around the 3% level for the past several weeks, per Freddie Mac data.

“Mortgage rates are down below 3%, continuing to offer many homeowners the potential to refinance and increase their monthly cash flow," Freddie Mac chief economist Sam Khater said in a statement.

Read the full article from Bankrate.

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