Mike Simonsen 🐉 on X: “There are always fascinating corners of the mortgage market to pay att…”

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Mike Simonsen 🐉 on X: “There are always fascinating corners of the mortgage market to pay att…” | PeekX

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There are always fascinating corners of the mortgage market to pay attention to

John Downs@AdvisorJohn · Oct 5

Another casualty of heightened mortgage-rate volatility... state down payment assistance (DPA) programs!

Many DPA programs use premium pricing at higher rates to fully, or at least partially, fund the DPA. When rates moon like they recently have, premium pricing evaporates...and