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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: Lee Lichterman III who wrote (41331)10/29/2021 11:23:49 AM
From: robert b furman1 Recommendation

Recommended By
ajtj99

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Good moring Lee,

Over the recent years Banks have negotiated all of the margin with a spread over the variable cost.

We floor our new and used vehicles with the bank getting a margin of 125 points over LIBOR.

Our mortgage was based on the 5 year rate but with a minimum floor.

So rates can do what they do, but the banks have a minimum mark up regardless of how low rates get.

That being said individuals have had to pay up of late for real estate loans on both the 15 and 30 year mortgages.

Bob
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