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 Rebound Slightly Amid Economic Crosscurrents

Monday, May 22 2023
Lending
Written by  The Mortgage Leader

U.S. long-term mortgage rates have recovered modestly in the face of cooling inflation and uncertainty around debt-ceiling negotiations. So reports CNN.

Freddie Mac 150x150According to Freddie Mac, the average on the 30-year fixed-rate mortgage was 6.39% in the week ending May 18, versus 6.35% the prior week and 5.25% a year earlier.

Rates had declined for the last two weeks and have remained below 6.5% for the past month.

Read the full article from CNN. 

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