Watch as Fannie Mae, Ginnie Mac and all the Gov’t lenders whose debt is short term and off the books are forced to refinance at rates double the rates that they loaned it out in 30 year fixed rate mortgages.
Ah April 2021, a great time for me. Bought new home and funded with a 30 fixed 2.875 mortgage. Don’t think I will see those rates again/ Better they thyr loaned me the money about 385,000 to a 76 year old guy. Stupid people!