Kinda. Firstly, The ads are a misleading. Very short duration teaser rates, huge down payment etc

Also the builders are subventing the rates by “buying down” the rates.

All built in to the cost of the home which is crazy high so people just assume it’s inflation related.

I do agree that lenders are playing with fire as to trying to anticipating what rates are about to do. They all are so sure rates are coming down.

I hope so, but things are not normal right now.