40-yr, Jumbo, Co-op, Audit, Credit, Homebuyer Tools; Freddie and Fannie Program News
The risk-free 2-year Treasury began 2022 yielding .73 and is now at 2.52 percent! Does your company offer 2-1 buydown loans? Do your LOs even know what a 2-1 buydown loan is? (If they don’t, bring them up to speed internally or through a program like XINNIX.) Things are changing. My gauge is very unofficial, but the number of emails saying, “Hey Rob, I am retiring but love your Commentary so can you change my email to…” is picking up. And I received this note from a mortgage vet. “Well, with the rates going up, looks like the mortgage industry is heading for ...