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 Drop Even Lower to Start 2021, Hit Fresh Record

Friday, Jan 08 2021
Lending
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As the calendar turned on a new year, interest rates on mortgage loans fell once again to a new all-time low. So reports the Associated Press.

The 30-year fixed-rate mortgage averaged 2.65% in the week ending January 7, down from 2.67% a week earlier and 3.64% a year before.

Freddie Mac chief economist Sam Khater said interest rates will likely rise slightly in 2021.

Read the full article from the Associated Press. 

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