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 to Lowest Point Since 2016

Saturday, Feb 08 2020
Lending
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Rates for long-term mortgages rates have fallen to their nadir since before the last presidential election. So reports MarketWatch.

The average on the 30-year fixed-rate mortgage fell for the third straight week, slipping from 3.51% to 3.45% for the week that ended February 6, according to Freddie Mac. That’s the lowest since an average of 3.42% in October 2016.

Sabrina Speianu, senior economist research analyst at Realtor.com, said in a report that this could be the last affordable spring home-buying season for some time.

Read the full article from MarketWatch.

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