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Caroline Gerardo
Sun West Mortgage Corporation - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

1. With 10 year bond at .7 rates for 30 year should be 2.375 BUT mine government loan houses- Fannie and Freddie and FHA aren't buying that low.

2. Banks cannot hire more people and lay off it takes time to train them and in 3 months investment of training this could be over

3. CEO is accountable to shareholders they don't want to have one loan on the books that they can't sell immediately - they market survey each other hourly - they must make a profit. 


If we see 20000 deaths they re-evaluate and drop again. 

Numbers games as dark and terrible as that sounds. 

Given that people told to quarantine themselves, then

refuse to listen to the good of the whole we might see that number.

Isopropyl alcohol in your car, front door, desk, lunch bag, and a tupperware box with paper towels wet with the solution is good. No hand shaking. Sit on your hands if you must. Wash them with soap often. 



Mar 09, 2020 02:14 PM
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Have 50 lenders to pick from.   No worries.

Mar 09, 2020 12:12 PM
Ryan Huggins - Thousand Oaks, CA - Thousand Oaks, CA
Residential Real Estate and Investment Properties

No.  If they get too low to where the banks make no money, they simply will not lend.  Why lend if you'll only make 1% or less over 30 years with the risk of a default.

Mar 09, 2020 02:27 PM
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

I have a mortgage broker friend who says her bank is holding refi rates high to control demand. They prefer new buys.

Mar 09, 2020 02:20 PM
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

They mortage rates are established by the banks to insure they don't get stuck holding the mortgage. Be aware the PRIME OBJECTIVE of the bank is to sell the morgage. The lower the yield, the less attractive the product.

Regarding the citizen or borrower....THE BANKS SIMPLY DO NOT CARE.

Mar 09, 2020 12:06 PM
John Juarez
The Medford Real Estate Team - Fremont, CA

You probably saw the same on-line story in REALTOR MAG NEWS that I did, Donald Urschalitz 

Lenders compete. They need to have rates that will allow them to get their share of the business. Apparently, there is plenty of business and a shortage of worker bees to handle it. So...rates may be higher from some lenders due to a need to be able to actually perform on the loans they are processing.

It pays to shop around.

Mar 09, 2020 02:38 PM
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

They could just be uncertain about what our leadership will do next.  It is a risk for them to sign up too many mortgages at this low rate when the rates may jump back soon.

Mar 09, 2020 12:23 PM
Raymond E. Camp
Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

With the number of sales compared to other years, they would be nuts!

Mar 09, 2020 11:42 AM
Debe Maxwell, CRS | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

They can cherry pick right now - why not? They're in it to make money!

Mar 09, 2020 09:53 PM
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

The banks will do whatever works for THEM.

Mar 09, 2020 04:23 PM
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

The lenders are saying they can't write stufffast enough. I am suspicious.

Mar 09, 2020 04:19 PM
Alan May
Jameson Sotheby's International Realty - Evanston, IL
A moving experience!

I don't buy into conspiracy theories.

Mar 09, 2020 02:15 PM
Peter Mohylsky. Broker -BRIX REALTY
Miramar Beach, Florida - Santa Rosa Beach, FL

Not really, historical low rates are flooding the market here 

Mar 09, 2020 05:20 PM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

No, I do not. A

Mar 09, 2020 01:17 PM
Bob Betel
Allstar Home Mortgage, Inc. - Sweetwater, TN
President, Allstar Home Mortgage, Inc

I agree with Caroline Gerardo on this one. 30 year rates should be at 2.375% but they are not. There is a point of no return and we are there. The demand for loans would be more than they can handle at that rate. In 2006-2008, I saw the same thing as rates didn't fall below 3.375%. All they did was increase the pricing. We're seeing the same thing today. We are spoiled by these low rates and have been for a long time. I cringe every time people say "Wow, those rates are high", when they are only in the low 3's. I remember when I was thrilled when I got my first loan and it was in single didets. People should be thrilled now

Mar 10, 2020 06:02 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

As a man who endured very high double digit rates years ago, I think rates are artifically low!

Mar 10, 2020 04:52 AM
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Rates are historically low, not sure why you think they’re high?

Mar 09, 2020 08:08 PM
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Theoretically it could be happening but I wouldn't "believe" it. 

Mar 09, 2020 01:13 PM
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust


Mar 09, 2020 12:33 PM
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

I have a hard time keeping track of what's going on in my head... I don't need the confusion of mind reading others Donald Urschalitz .

Mar 09, 2020 12:01 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD


Mar 10, 2020 03:47 AM
Tony Lewis
RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident - Valencia, CA
Summit Real Estate Santa Clarita & Aliso Viejo

That's not the lender's role, job or even interest.

Mar 10, 2020 09:56 PM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

of course I do.  They have to be able to sell them.  They will ease down more, but I understand it.

Mar 10, 2020 02:32 PM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I had not given this any thought. 

Mar 10, 2020 09:43 AM
Sean Wilson
IXACT Contact - North York, ON
Specialist in Real Estate Softwares

In Toronto Canada, our housing pricing has surged. I think to prevent even more population from confining to the GTA, they are keeping mortage rates high, not so much to prevent house ownership, but to try to have more Canadians relocating outside of Ontario and Quebec. 2.89% on a $500,000 condo is a lot more than 2.89% on a $150,000 home outside of the GTA.

Mar 10, 2020 07:49 AM
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

I not sure they really care ?

Mar 10, 2020 06:10 AM