January 15th, 2013 9:39 AM by Eric Fang
If the market will go as expected, the stockmarket will have a little bit correction,the interest rate should improve a little bitfrom here. That's almost for sure. The problem ishow much improvement we will see in the next a fewweeks.
The interest rate is almost at the bottom, andwe may have the bottom sometime ago. Some ratesmight have another 0.125% lower from the currentlevel, most programs will trade within the range.
Since the rate is almost at the bottom, it shouldbe wise to pay the closing cost for the rental refinance. Recently, there are some clients took30 yr fixed loan with 3.5% to 3.625% for rentalsdepending on the loan amount and LTV. In the long run, it will not be a bad decision.
Read "Random Walk Down Wall Street" recenty(Ilike to read a few books at the same time),this is indeed a good book. There is one chapterdid talk about the Conglomerate Merger(http://en.wikipedia.org/wiki/Conglomerate_merger)will make the earnings "look" better with x% growth year over year, which might not be true.