Mortgage Blog

I got the letter from one lender today saying
that they will get me better rates for the
next quarter. They already have the best rates
on the market.

The only commitment is that once we lock the
loans, we need to close it. They asked us
for the commitment of xx Million loans per quarter,
which I am sure we can do it, but we also
need to monitor the fall-out ratio(the locked
loans should be closed).

I will make the commitment to get the lowest
rate for you. And this lender has great rates
for 15 yr fixed and 30 yr fixed. We expect the
15 yr fixed to 3.25%, 30 yr fixed 3.875%
this winter.