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US Bank seems to have priced their mortgages above market
Old 02-23-2012, 10:57 PM   #1
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US Bank seems to have priced their mortgages above market

I've noticed that while they are normally reasonably competitive rate-wise, sometime in the last few weeks they've moved up .5-.75 for both their 15-year and 30-year rates on

Any ideas on why they would do that?

Too much business and they want to scale back?

It's a strange and sudden change.

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Old 02-24-2012, 11:07 AM   #2
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Read an article yesterday, I think it was in the WSJ, about how banks are reluctant to go above the $10B mark that would trigger the extra rules and fees. Said some were managing deposits to stay below while they could.

Another possibility is B of A just announced they are no longer doing business with Fanne Mae. Some banks are much more carefull about who they would make a house loan to because of the buy back provisions.

Just a couple things that may have influenced them... I don't really have any idea why
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