I’ve noticed this for the last month, but don’t know why.
I’ve been looking at 30-year fixed rate mortgages and there’s about a 1% difference between rate for a purchase vs refi.
For example, PenFed is offering 2.875% for a purchase and 3.875% for a refi.
Does anybody know why?
I’ve been looking at 30-year fixed rate mortgages and there’s about a 1% difference between rate for a purchase vs refi.
For example, PenFed is offering 2.875% for a purchase and 3.875% for a refi.
Does anybody know why?