True or False?
Mike Silkworth (msilkw_195_870)
#29 ranked lender in Michigan - 531 contributions
Well stated!! 100% correct!!
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,843 contributions
Correct, mortgage backed securities.
Rich Bonn (RichBonn2818411723)
#173 ranked lender in Texas - 50 contributions
Primary conventional mortgage rates are based on mortgage backed securities, but then you have different risk-based pricing additions that are specified by the GSEs (Fannie and Freddie) as well as individual lenders. In addition to these risk-related adjustments is the lender's profit. I hope that this answers your question sufficiently.
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