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Mortgage Lenders Increasing Rates to Deal with Current Demand

Mortgage Lenders Increasing Rates to Deal with Current Demand

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FintechNews RoundupUSA
··1 min read

Last week interest rates hit an all time low; now some lenders are apparently inflating their advertised mortgage rates on comparison sites in order to slow the influx of mortgage applications; HousingWire spoke to lenders, mortgage brokers and mortgage professionals who confirmed this; on some sites there are also fewer quotes from lenders than are typical; according to HousingWire’s research some rates ranged from 4.75% to 6% on Bankrate for a refinance; results were similar on Zillow, Trulia and CreditKarma; Redfin’s site simply didn’t return any results for a 30-year refi; it remains to be seen whether rates will be lowered once lenders deal with loans currently in their pipeline. Housing Wire

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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