In early April, mortgage lenders across America were buzzing. Mortgage rates fell to 6.60% on vanilla 30-year products, and loan officers scrambled to refinance clients who were now in the money. Millions of dollars were up for grabs.

The frenzy only lasted 48 hours. Rates shot right back up to 6.82% and then 6.97%, and have largely remained there since.

Economic volatility — driven by trade wars and weakening consumer confidence — is forcing lenders to be fully prepared to seize the opportunity during those narrow windows.

Borrowers have made peace with rates in the mid-6s or higher details ⇒

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