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Rates backed down

Started by 300_mercer
over 7 years ago
Posts: 10570
Member since: Feb 2007
Discussion about
10y treasury went up to 3.1 last week and back down to 2.93. Does it create an urge for people who were worried about rates going up to buy and lock in the rates? What are people in the field hearing?
Response by KeithBurkhardt
over 7 years ago
Posts: 2986
Member since: Aug 2008

Surprisingly I have not heard much chatter about rates from clients that are continuing to search. We have had a few deals run into delays (seller issues) and those buyers with rate locks expiring are not happy to say the least. Willing to walk away from a deal in some cases If the sellers were unwilling to cover the expenses of extending their rate.

Keith

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