The menu that we see in today's lending is that the Fxed long term rate is back as apposed to the short attractive intermediate arm. The lenders and banks are pricing their products to move everyone into the long term rates as the attractive no clost closing on a short term product is gone away. As well as the interest only feature now is a premium to sigh up for one. The every changing landscape of the lending world continues to bring with it a roller coaster ride.
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