Re:Rocket Mortgage to trim 8% of workforce as home-loan mark...
by cascom on Thursday April 28, 2022 @06:04PM
(#31198772)
If you’re “trading” the mortgage, you mark to market, but if you hold it for investment then you don’t (this is driven by bank capital requirements - if I need to go raise capital every time interest rates went up that would create huge problems (despite the credit staying the same (if not improving))
So, why can't you put on a funny hat and glasses, get a new mortgage at the higher rate, and then go buy your existing one at a discount?