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 Rise for Seventh Straight Week

Friday, Apr 02 2021
Lending
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Mortgage rates are on an upward run that has now lasted seven consecutive weeks. So reports Bloomberg.

According to Freddie Mac, the 30-year fixed-rate mortgage averaged 3.18% in the week ending April 1.

That’s up one basis point from the previous week, but it’s the highest level since June, and it compares with an all-time low of 2.65% in early January.

Read the full article from Bloomberg.

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