Join Early Retirement Today
Thread Tools Search this Thread Display Modes
US Bank seems to have priced their mortgages above market
Old 02-23-2012, 11:57 PM   #1
Thinks s/he gets paid by the post
Join Date: Aug 2006
Posts: 1,515
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.
Hamlet is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 02-24-2012, 12:07 PM   #2
Thinks s/he gets paid by the post
RetireBy90's Avatar
Join Date: Feb 2009
Location: Cville
Posts: 1,050
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
RetireBy90 is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
31 year old, married with two young kids, looking to FIRE in 5 years alexbalex Hi, I am... 52 03-19-2012 02:17 PM
Trying to scale back...a little at a time BigE FIRE and Money 32 03-07-2012 09:55 PM
VHS to DVD easysurfer Other topics 15 02-25-2012 11:11 AM
Have 3 houses and am thinking about paying 1 off early Risingsunbob Hi, I am... 5 02-24-2012 09:17 AM
Portable air conditioner exhaust connected to dryer vent? Frugalityisthenewblack Other topics 14 02-24-2012 08:34 AM

» Quick Links

All times are GMT -6. The time now is 11:54 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.