Mortgage Blog

Got the news yesterday: The lenders would keep the rate higher

March 17th, 2020 2:36 PM by Eric Fang

The main reason is the bandwidth. The lenders could not hire more people because of the coronavirus situation. So in order to finish the current pipeline, they decided to increase the rate for some time.

And for some lenders, they recommend to lock for 90 days.

Posted in:General
Posted by Eric Fang on March 17th, 2020 2:36 PM

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