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Mortgage Rates Now at 20-Year Highs

Mortgage Rates Now at 20-Year Highs

The big news in the Chrisman household is my cat Myrtle being offered a big signing bonus by the family next door. Apparently, word of her mousing prowess has spread. Myrtle’s tight-lipped on the details, but I assume it involves line-caught halibut and wild salmon tidbits. When I brought it up, she glared at me as if to say, “Hey, it’s a free market.” At 10, Myrtle’s no spring chicken, and I told her that she’d better think long and hard about it since there seem to be fewer mice around to catch. (Stay tuned!) Lenders are seeing fewer loans to originate, and thus fewer loans for the secondary markets so every opportunity to pick up a few pennies or set up a new product is scrutinized. Besides spending their time setting pricing and margins , capital markets staff are usually looking
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