Mortgage Blog

Some clients called me about teh rate trend.
When I said that the ARM rate hit bottom,
it does not mean it will not go down.
What I meant is that the rate will not go below
2.5%. So there is no much room from the current
level.

It reminds the story about the Silver and Gold ETFs.
My friend Ming(he is very good at investment) recommended
me to sell SLV last Friday. The reason from him is that
"there is not much room for the silver to go up
from here and $50 will be the top". And I was lucky
to have a such good advisor.

Same for the ARM rates, it will not go much lower
from here, but if it goes up, it will back to 4% to 6%
as a few years back.