If you are a new borrower or needing to refinance a loan, the cost of money hasn't been this high in over 20 years. And it doesn't matter who you are or what type of product, rates (and therefore costs) are substantially higher.
The game has changed. Banks and other financial institutions are charging substantially more, but...
they are not paying much more.
When the game changes, players need to change.
-Paul R. Rossi, CFA