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 Fall for a Third Straight Week

Friday, Dec 02 2022
Lending
Written by  The Mortgage Leader

U.S. long-term mortgage rates have declined for a third consecutive week as inflation fears eased. So reports the Associated Press.

arrow down icon 157360 1280According to Freddie Mac, the 30-year fixed-rate mortgage was 6.49% for the week ending December 1, down nine basis points from the week before.

That’s down more than a half-point from a 20-year high reached less than a month before, but it’s still more than double the average rate of a year earlier: 3.11%.

Read the full article from the Associated Press. 

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