Mortgage Blog

The rate started reverse the trend

August 25th, 2020 11:59 AM by Eric Fang

It means that it is going higher. We can not do some low rates now, like 2.5% for 15 yr fixed etc. And 3% for 30 Yr fixed high balance now.

I know some people might get better rates, like some clothes sale on the black Friday, you might get some Exceptional good rates. But some people might get hurts. I do not know how many lenders will "void" those very low rates when FHFA charged 0.5% fees. It squeezed the profit margin, and make the lender unwilling to close the loans. 

Please let me know when the lender tell you that they were busy, and your rate expired, so they could not get those rates for you?
Posted in:General
Posted by Eric Fang on August 25th, 2020 11:59 AM



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