Kyle Rizdahl
speaker
917 appearances
5 recordings
2 series
first heard Jan 2026
last heard 11 Jun
Kyle Rizdahl’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 5 in all, peaking in Jan 2026 with 3.
Appearances
When a borrower takes out a 30-year fixed-rate loan, the lender usually isn't in it for the long haul.
That's Chris Duncan, chief lending officer at LaSalle State Bank in Illinois.
He says his bank usually doesn't want to hold on to long-term mortgages because they pay the bank a fixed interest rate for decades, and that would be a bad investment if interest rates were to rise.
So instead, LaSalle State Bank, like most banks, sells off almost all of its long-term mortgages to the big government-backed mortgage companies.
Our preference most of the time is going to be to sell those loans to Fannie Mae.
Fannie Mae and Freddie Mac buy up truckloads of mortgages and package them into bonds called mortgage-backed securities.
That's Nancy Wallace, a professor at UC Berkeley.
She says investors love mortgage-backed securities because their steady stream of income from all of those mortgage payments is considered almost as safe as U.S.
treasuries, and they tend to pay slightly more interest.
The Trump administration is asking Fannie and Freddie to go back to doing something they did up until the financial crisis, buy the very bonds they're selling.
Wallace says there'd be more demand for mortgage-backed securities, so Fannie and Freddie would need even more mortgages to go into those securities.
And that means?
And the theory goes, originate them at lower interest rates.
Mike Frattantoni is chief economist of the Mortgage Bankers Association.
The MBA reports that applications to refinance mortgages jumped 40% in the last week.
Frattantoni says we've seen a few refi boomlets like this over the past year, whenever rates have dipped.
They tend not to last long because there are still plenty of pressures pushing long-term interest rates higher, government debt.
And what if the president pressures the Federal Reserve into pushing rates too low so inflation picks up?
In other words, the president's order might not be enough to move the needle for borrowers.
Chris Duncan says at LaSalle State Bank, mortgage rates haven't really changed.
Showing 481–500 of 917 · page 25 of 46
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