I have had a client that missed a 5.375% jumbo rate a few months ago, and didn’t want to take 5.50% the next day. Rates ran to 6.625% over the next 30 days.
They told me to let them know if rates got back to 5.50%
Rates dropped to 5.00% yesterday. They still weren’t ready. Rates went up today.
Now they want to wait for rates to go even lower, for a refi, which may or may not happen.
Rates are at historical low levels that were unthinkable by most people a month ago, but now people want to wait and try and squeeze every last drop of blood, except they don’t even know how much blood is still in the body. HLS
