The only solution to this problem has been to spend tens of thousands of dollars on “blind” marketing to FHA loan holders with the hope that they might benefit from an FHA streamline. The reality is that actual interest rates on existing FHA loans have ranged from 4.75% to 7.5% in the last 24 months alone.
Varying origination channels, a willingness to shop for better rates and a limited understanding of the FHA process has contributed to the wide range of interest rates on funded loans. Advertising to people with already low rates can ruin an otherwise effective marketing campaign with just a slight everyday interest rate market fluctuation. |