According to Freddie Mac, the 30-year fixed-rate mortgage averaged 3.26% during the week ending May 7, up from an all-time low of 3.23%.
The 15-year fixed-rate mortgage averaged 2.73%, down from 2.77% the prior week.
-
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.
Estimated reading time: 0 minutes, 19 seconds
Mortgage Rates Hover Near All-Time Lows
Long-term U.S. mortgage rates inched in different directions last week but stayed near the record lows set a week earlier. So reports the Associated Press.
MOST READ STORIES
Fast,Easy & Free
