Fannie Freddy Vs Commercial Banks

[Austin Steed]

The Fed raises rates by a quarter of a point but then Fannie Freddy raise their rates by roughly 2%. What I'm seeing, 6 months ago I locked in a 2.75% VA interest rate on a duplex in Columbus OH. I just got a VA client in contract on a duplex and their rate was 4.75%. Just crazy to see a jump like that so quickly.

My question to you BP is what are you guys seeing with Commercial banks? I did a cash out refi 2 months ago on a duplex and locked in a 4.5% rate, 25 year am, and a 10/1. Do you think commercial could be a good move right now since fannie and freddy went so bearish?