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 to 5.23% Ahead of Fed Meeting

Sunday, Jun 12 2022
Lending
Written by  The Mortgage Leader

U.S. long-term mortgage rates have bounced higher in the week before the next Federal Reserve meeting. So reports CBS.

arrow 156792 640smallThe 30-year fixed-rate mortgage averaged 5.23% for the week ending June 9, up from 5.09% the previous week, according to Freddie Mac.

Economists project another half-point rate hike in the Fed’s main borrowing rate at policymakers’ June 14-15 meeting.

Read the full article from CBS. 

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