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Mortgage Broker News | 28 Jan 2015, 10:38 AM Agree 0
A number of the big banks have announced special fixed rate promotions and cuts to their prime lending rate, but what are monolines doing to ensure brokers have a competitive advantage?
  • 'The' Rob Campbell | 28 Jan 2015, 10:57 AM Agree 0
    Look Ma, I made the news! :)
  • M.S.Hines | 28 Jan 2015, 11:31 AM Agree 0
    Ha! Love it.
  • Ron Butler | 28 Jan 2015, 04:17 PM Agree 0
    I think all the big monolines will change key fixed rates once some of their hedging unwinds a bit. They also have to wait for their investors to catch up to rapid changes in the marketplace, I would bet they will all be where they need to be soon. The reality is that when bond yields are this low the relationship to mortgage rates starts to uncouple, how are lenders going to pay us, pay the hedging, handle their internal costs, service the borrower for 5 years, make a profit and keep their investors on side when the base bond yields are this low? At the low end of this spectrum yields and rates start to slip out of lockstep.
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