TRD Tips: Citizens Bank’s Ace Watanasuparp on mortgages during Covid-19

Banking exec on “astronomically low” rates and what could be the golden era of home loans

Mortgage interest rates may be on the rise again, but for the past year, they were trending downward, with each week seeming to hit yet another record low. So what does this mean for homebuyers?

Ace Watanasuparp, Senior Vice President at Citizens Bank, may not have a crystal ball, but he does have some tips on how those looking to buy or refinance homes can take advantage of the historically low rates.

Sign Up for the undefined Newsletter

Watanasuparp sat down with The Real Deal editor-in-chief Stuart Elliott to break down what created the “artificially low environment” for interest rates, and what banks are looking for in their mortgage applicants.

Watch the video to learn more.

Read more

The lack of inventory has caused prices to skyrocket. (Getty)
Residential
Tri-State
Suburban home inventory is depleted, but demand rages
Low interest rates have contributed to a surge in applications for mortgages and refinancing. (iStock)
Residential
National
Mortgage applications rise as rates reach another record low
Recommended For You