‘Tis the season for things to be something other than what they appear to be, apparently. Lenders are talking about new loan limits, but they haven’t officially changed. News stories are saying rates went lower this week, but they’re higher. And there’s even talk of a big refi boom, but as you may have guessed, that’s also not exactly right.
Source: Kevin Litwicki MBSLIVE
Refi Booms, Loan Limits, and Mortgage Rate Misdirection