Very true. Trust what the banks do, not what they say. The banks are still putting their billions behind long term low inflation.
You can still get a fixed rate mortgage from them with the same terms as two years ago.
Oh so true. What they say on CNBC, Bloomberg, Fox Business and in the WSJ/Financial Times is often a setup that is opposite of what they do. I don't trade news (I make my living trading, btw). I do enjoy kicking Big Bank Butt. (On a percentage basis)
If the banks are doing that, it means they expect you to default on the loan due to hard financial times so that they can pick up the asset for a song.
“The banks are still putting their billions behind long term low inflation.”
No. They are building cash in anticipation of higher rates.
“You can still get a fixed rate mortgage from them with the same terms as two years ago.”
Mostly they are only processors. The Feds own the loan.