Dan Romero
@dwr.eth
Naive question: why don't banks offer people with <4% fixed rate mortgages the ability to buy a new house with 0.5% increase to their existing rate?
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derek
@derek
Because it makes sense and banks don't typically do things like that. /s
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Ben
@benersing
@cdixon.eth is likely deeper in the space than I am
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Ben
@benersing
It makes sense to me in this demand-side constrained environment. Likely has to do with concerns about pulling forward potential future revenue, at lower margins. That could be solved for though. (I'm not a mortgage banker but own multiple invstmt properties and think about real estate underwriting a fair amount)
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Lior
@lior
🧐just cause they can charge more?
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Jack Oneschuk
@joneschuk
Depending on your mortgage you may be able to move it to a new home with no change in rate
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