The Federal Reserve’s tightening of monetary policy is causing mortgage rates to rise rapidly. For lenders, that means finding new ways to drum up business, like introducing programs that try to convince borrowers to ‘marry the house and date the rate.’

Mortgage rates rose more than four percentage points in 2022, up from last year’s low 3% levels. The origination market forecast expects it to plummet to about half by this year compared to 2021, and mortgage rates, which are sensitive to short-term interest rates, are expected to climb.

Prior to Wednesday’s Federal Reserve’s rate hike, the latest details ⇒

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