mortgage lenders

Mortgage rates have swung sharply, leaving borrowers and industry watchers uncertain about the housing market's direction. The volatility is prompting debate over whether home prices and sales will cool further or rebound, with buyers and lenders alike waiting to see where rates settle next.

South Korea's Housing Finance Corporation is reported to have uncollected funds approaching 2 trillion won, according to a Chosun Ilbo report. The figure points to money the state-backed mortgage lender has extended but not recovered, raising questions about loan management and borrower repayment at the agency that underpins much of Korea's public housing finance.

US mortgage rates climbed for a third consecutive day as of September 26, adding to the financial pressure on homebuyers and those looking to refinance. Borrowers face higher monthly costs as lenders adjust pricing upward, and market watchers are keeping an eye on whether the upward trend will continue into October.

Fixed mortgage rates moved higher again this week, according to a Sunday, September 27, 2026 rate roundup that also tracks refinance rates. The continued upward drift means prospective homebuyers face larger monthly payments, while homeowners weighing a refinance may find less savings than before. Borrowers are being advised to compare lenders and watch rate trends closely.