Mortgage Rate Update – Bond Prices vs. Investor Appetite, FHA Rates Go Up
It has become clear that mortgage bond prices are not the dominant driver of mortgage rates right now. Investor appetite, capacity and preferences are causing massive volatility and inconsistency in mortgage pricing by the hour. Government loan programs (FHA/VA/USDA) are facing higher rates and tighter approval standards as the big banks ‘pick and choose’ what loans they want and at what price.
Call or text me anytime at 314-599-0511 for help with your mortgage.
Recent client reviews:
NMLS# 374393. Vice President/Mortgage Banker at Paramount Bank NMLS 551907. Equal Housing Lender. FDIC Insured.