Market Check: lower rates at the beginning of the month impacted the mortgage market

Dec 13, 2021

The beginning of December surprised everyone in terms of mortgage rates. Rates decreased slightly and that drove up a particular activity in the mortgage industry. In this edition of Market Check with FEMBi, we tell you how low rates got and how it impacted the market.

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First Equity Mortgage Bankers, Inc. (FEMBi Mortgage) NMLS#162197, is a fully diversified mortgage bank. We finance the purchase and refinance transactions through Conforming, Non-conforming, FHA, VA, and USDA/Rural loans.

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