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Rising rates, no inventory... What to do???
Once upon a time, just a couple of months ago, rates were going up.... but we could call around and figure that we were all in the same boat.

AND THEN, all of the sudden, I'm higher than some online lenders. :(  What the heck!!???  We're typically pretty darn close, give or take a little.  But the last month or so, it's been painful to match their rates- ouch!  We're still beating most local lenders.. .but it about gives me a heart attack to see the rates offered by some online lenders.  So what's happening?

Well.... those bigger lenders who have lots of traffic and advertise online can "manage their traffic" with their interest rates.  So when it's slow, they lower their rates so that they can get more business and not have to lay anyone off.  It's just a first quarter of the year problem, and that's how they manage it.  And then when they get behind and too busy... they raise their rates a little higher to slow down traffic.  It's hard for the little guy to compete during the first quarter- but we're doing what we can to be as competitive as possible, and we know ... more

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