This is a phrase that I am not really excited to hear, but it sure seems to be coming up a lot. The funny/sad part about it is that our secondary guy likes to add the phrase "have a good one" right afterwards. I get that he is trying to keep us in good spirits, but it doesn't really work that well.
Of course this phrase isn't really that bad since rates are still extremely good, but I would much rather just see the rate sheet without actually having to read that they are worse. On the opposite side of the coin is every mortgage company in the world advertising on the web stating that rates are lower, and better than ever. Again I get it, they want to generate leads, but it is a little confusing to clients. "but I read online that pricing was better?" Of course you did... nobody is ever going to say, sorry, rates suck today, don't buy a house!
Truth of the matter is that rates are still great, and they go up and down every day, sometime multiple times. We all knew they wouldn't stay at 4% forever and now that we are approaching the 5's I am hoping that a lot of the fence sitters will get out, make offers, and close deals!
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