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 to Six-Month Low Amid Delta Surge

Sunday, Aug 08 2021
Lending
Written by  The Mortgage Leader

Mortgage rates have sunk back to their lowest since February as the spread of the Delta variant of COVID-19 has shaken investors’ optimism about economic growth. So reports MoneyWise.

arrow 98577 1280The 30-year fixed-rate mortgage averaged 2.77% in the week ending August 5, down three basis points since the previous week and the lowest in nearly six months.

In early January, the 30-year averaged 2.65%, the lowest since Freddie Mac started keeping track 50 years ago.

Read the full article from MoneyWise.

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