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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.
Estimated reading time: 0 minutes, 26 seconds
Bodnar of MMG: The Fed's Hawkish Tones
"This week, hawkish tones from Fed Chair Powell and other Fed officials pushed rates higher," said Bill Bodnar of the Mortgage Market Guide. "Then investment firms like Citigroup and Bank of America, called for aggressive rate hikes this Summer, sending bond yields to highs last seen in May 2019."
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