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 Tumble as Fed Reassures Lenders

Tuesday, Mar 31 2020
Lending
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Mortgage rates swung sharply downward last week after the Federal Reserve gave lenders a confidence boost amid the coronavirus pandemic. So reports MarketWatch.

According to Freddie Mac, the 30-year fixed-rate mortgage averaged 3.50% for the week ending March 26, after surging to an average of 3.65% the previous week.

The Fed’s recent announcement of unlimited bond-buying, including purchases of mortgage-backed securities, had a “huge psychological benefit” that helped lenders cozy up to the idea of lowering rates.

Read the full article from MarketWatch.

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