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 to 3.1% Amid Uptick in Inflation

Sunday, Nov 28 2021
Lending
Written by  The Mortgage Leader

After a one-week decline, U.S. long-term mortgage rates have continued their recent march upward from historic lows. So reports MarketWatch.

arrow 156792 640smallAccording to Freddie Mac, the 30-day fixed rate mortgage averaged 3.1% for the week ending November 18, an increase of 12 basis points.

Freddie Mac chief economist Sam Khater said in a statement, “The combination of rising inflation and consumer spending is driving mortgage rates higher.”

Read the full article from MarketWatch.

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