The rapid rise in interest rates since Election Day is taking a toll on the mortgage market, and lenders are scrambling to adjust.
Since Donald Trump’s surprise victory, average rates for a 30-year, fixed-rate mortgage have leapt by more than half a point, to 4.18% on Wednesday. Rates still remain low by historical standards, but are now at their highest level since June 2015, according to MortgageNewsDaily.com.
The fast rise…
Mortgage Lenders Struggle to Adapt to Rapidly Rising Interest Rates - Wall Street Journal
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