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 Dive to Three-Month Lows on Iran Tensions

Monday, Jan 13 2020
Lending
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Last week, mortgage rates fell to their lowest levels since October as investors worried about a military back-and-forth between the United States and Iran. So reports MarketWatch.

According to Freddie Mac, the average for a 30-year fixed-rate mortgage was 3.64% for the week ended January 9, down from 3.72% the previous week—and 4.45% a year ago.

Sam Khater, Freddie Mac’s chief economist, said in a statement, “The drop in mortgage rates, combined with the strong labor market, should propel a continued rise in homebuyer demand.”

Read the full report from MarketWatch.

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