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| Typically yes. Right now we would be the same wether you want variable to 5 year fixed. That's a function of the yield curve inversion. If a borrower takes variable they can ride the rate cuts if they come to fruition. For fixed, you'd pay the .5% origination to refi if rates fall.
I'm not going to lie and say ever loan we've ever made reprices in 5 years or less. But the vast majority do. Every bank makes exceptions to policy once in awhile. Like NASCAR, if you ain't cheating, you ain't trying.
Edited by reformedbanker 3/9/2024 17:59
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There will be bank failures caused by commercial real estate losses
