Mortgage Rate Update – Lenders Are Quick to Go Higher, But Slow to Move Lower
Today presents an interesting case study in how lenders are quick to raise rates when bond prices fall, but slow to lower them when bond prices improve. Tomorrow will be VERY interesting!
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NMLS# 374393. Vice President/Mortgage Banker at Paramount Bank NMLS 551907. Equal Housing Lender. FDIC Insured.