Mortgage Mix: Downward Trend in Rates Persists Amid Market Flux
The mortgage rate outlook is improving, but lenders and companies are still trying to adapt to the changes.
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The mortgage rate outlook is improving, but lenders and companies are still trying to adapt to the changes.
The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon.
But several recent news developments are creating the perception that the risk of a recession is on the wane and that could end the downward pressure on rates.
This was the fifth week in a row the Freddie Mac Primary Mortgage Market Survey reported a decline in the 30-year rate after peaking at 7.08%.
Lenders added jumbo and adjustable rate mortgage products during November, both of which have had lower interest rates than conforming loans, the Mortgage Bankers Association said.