just.a.guy

Is the Fed Losing the Mortgage Rate Battle?

Andrew -- Mortgage markets are ruthlessly competitive, so the higher rates now are probably less coordinated profit gorging and more survival tactics undertaken by banks with heavily damaged balance sheets. It's worth noting that if all the largest lenders are having to charge higher rates, that it probably provides a nice price umbrella for smaller regional banks whose balance sheets are not a trainwreck, and are currently underwriting and actually holding onto mortgages?