Mortgage Blog

The rate was surprisingly higher today

January 15th, 2015 9:25 AM by Eric Fang

Not sure why. I guess it might be the two reasons:

1)Credit risks of the overall market.
2)Lender does not have the capacity to handle the loans. So they will have to increase the rate to reduce the pipeline volume.

It could be either of them or both. At least option2 should be true since they laid off lots of underwriters last year, and there are not enough underwriters.
Posted in:General
Posted by Eric Fang on January 15th, 2015 9:25 AM



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