It’s a buyer’s market, but soon it might only be a certain buyer’s market. Interest rates dropped to a nearly three-year low on Thursday, continuing a months-long downward slide. So buyers and bankers must be happy — with the cost of borrowing down, more people are applying for mortgages, right? Well. Banks were apparently caught off guard by how fast rates have dropped. Some of the country’s largest lenders reported that the value of servicing rights fell […]
source https://therealdeal.com/2019/07/29/the-daily-dirt-the-dark-cloud-hanging-over-buyers/
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