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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Hazy Economic Outlook Leaves Mortgage Rates Adrift

Friday, Feb 05 2021
Lending
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Mortgage rates have held steady after a week when the spread of new COVID-19 variants and debate over federal pandemic relief efforts clouded the near-term economic picture. So reports Moneywise.

According to Freddie Mac, the average for a 30-year fixed rate mortgage was unchanged for the week ending February 4 at 2.73%. The average for a 15-year fixed rate loan edged higher by one basis point to 2.21%.

Zillow economist Matthew Speakman noted that “economic data and pandemic-related developments paint a conflicting picture of the economy’s path forward.”

Read the full article from Moneywise. 

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