Current federal funds rate is .25%. Yet, 30yr fixed is now 4%?! Are they profiting hugely from this discrepancy?


30 year fixed national average is now 4%. Which in itself is insanity to me because last year I was approved for 2.5%, no points needed. I understand that JPOW is going to raise the rates to combat inflation (any day now…..) but in the mean time banks are capitalizing off this huge discrepancy. Are they in for a stellar report come earnings season?


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