why rates go up

email from the bank:

Your rate is locked at 3.5%, so you are in a good shape. However, if some new customer were to come then the best I could offer would be at 4.25%. Rates have gone up since we locked your rate.

how about today's rate?

所有跟帖： 

• Is this conforming 1 year arm? -729418- ♀ (0 bytes) () 03/18/2008 postreply 20:08:08

• yes -sl87- ♂ (0 bytes) () 03/18/2008 postreply 20:16:26

• This is easy to explain. -山高月小- ♂ (722 bytes) () 03/18/2008 postreply 20:55:54