The message from the broker community is loud and clear when it comes to lenders’ last-minute product pulls. Although 11th hour withdrawals are nothing new, the current swap rate volatility has seen the frequency and intensity of such occurrences increase. Brokers’ frustration has reached a crescendo these past few months, exacerbated by longer working hours and the uncertainty for clients that late-notice withdrawals are causing. See market comments:
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Link to Original Article: Mortgage Strategy - Brokers calling for decent notice before fixed rate withdrawals