you don't need a to be a genius to have known that the 2.4% interest rate won't ...

		naijaboiler on March 11, 2023 \| parent \| context \| favorite \| on: First Republic Bank files 8-K – Tech only 4% of to... you don't need a to be a genius to have known that the 2.4% interest rate won't last for ever. Everyone in america with a mortgage knew that and rushed to re-finance. So why did bank managers not know. i think its more like, they had no other good options to park their cash. So they took the best of a bunch of bad options

Of course, the actual best bad option would have been to just wait and lower interest rates if they must in the mean time.