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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Mortgage Rates Dip Below 3% Again, But Many Buyers Left Out

Sunday, Nov 14 2021
Lending
Written by  The Mortgage Leader

Historically low U.S. long-term mortgage rates have posted another decline, though higher prices and a lack of supply are keeping many potential buyers out of the market. So reports the Associated Press.

Freddie Mac 280x280According to Freddie Mac, the 30-year fixed-rate mortgage averaged 2.98% in the week ending November 10, a drop of 11 basis points, while the 15-year loan slid eight basis points to 2.27%.

Freddie Mac economists said a rally in Treasury bonds contributed to the decrease in mortgage rates.

Read the full article from the Associated Press.

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