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 Stay Near All-Time Lows as Fed Remains Dovish

Friday, Sep 18 2020
Lending
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Mortgage rates have remained at or near their historic lows as the Federal Reserve has continued to signal that it will maintain a loose monetary policy to prop up the coronavirus-battered economy. So reports Moneywise.

According to Freddie Mac, the 30-year fixed-rate mortgage rate averaged 2.87% in the week ending September 17, up one basis point from last week’s record low, while the average on the 15-year fixed-rate was down two basis points to 2.35%—a fresh all-time low.

The Fed ended a two-day police meeting September 16 by vowing to keep a key interest rate near zero.

Read the full article from Moneywise. 

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