Mike Frattantoni

We may have it technically on our balance sheet for a day or two.

We may have it technically on our balance sheet for a day or two.

If you make a terrible miscalculation and you have too many loans at fixed interest rates, as rates continue to rise on your deposits, you're paying out more money to your depositors

If you make a terrible miscalculation and you have too many loans at fixed interest rates, as rates continue to rise on your deposits, you're paying out more money to your depositors

than you are bringing into the bank in the form of loans and investment income.

than you are bringing into the bank in the form of loans and investment income.

You are seeing more and more mortgage lenders offering rates below 6%.

You are seeing more and more mortgage lenders offering rates below 6%.

And that's really something we haven't seen very much at all, really, since 2022.

And that's really something we haven't seen very much at all, really, since 2022.

When people hear about a rate being offered with something that starts with a 5 as opposed to a 6, that will really get someone's attention.

When people hear about a rate being offered with something that starts with a 5 as opposed to a 6, that will really get someone's attention.

Investors are going to have to get compensated for that risk of higher inflation.

Investors are going to have to get compensated for that risk of higher inflation.

They're likely to push longer-term rates up.

They're likely to push longer-term rates up.

Our 15-year's fixed rate hasn't changed.

Our 15-year's fixed rate hasn't changed.

And our 10-year is actually up an eighth since the president made that directive.

And our 10-year is actually up an eighth since the president made that directive.