As mortgage professionals, we are often in the position where market forces impact what happens on a week in, week out basis. We see rates jump and we go from working all weekend to having more free time than we planned.
Or worse, we end up with urgency imposed by the market that though we tell our clients, suppliers and lenders they don’t always share. This can cost in terms of lost rate locks for customers and revenue opportunities for our company.
The bottom line is that interest rates, and mortgage rates in particular, matter a great deal.
A great story on how this impacts everyone involved in the mortgage process as well as the economy as a whole is here.
