| I agree...It's horrible. I did a closing today for a cash-out refi and borrowers paid $21,000 and change to get their rate to 3.5%! The loan amount was just over $500K and pulled out $81K in cash, a credit score in the lower 700's. If that's the future, we are in trouble. We should start seeing some adjustable rates soon I think, I hope. Maybe business will pick up then. I am not surprised though, after the big highs are the extreme lows in this biz. |
