Mortgage Blog

Interest rate may hit short term bottom
February 27th, 2020 10:17 PM
Dow was down $1190.95 today. But Traesury Yield 10 Years Bond^TNX only down -0.011.
Seems like there is not much room to go down.

We need Fed to cut rates in order to get lower rates. But 7/1 ARM rate of 2.875% is not too bad at this moment(APR 3.76%). So if the coronavirus are not contained in the next a few months, Fed might lower the rate 2-3 times this year.

Then let's see whether we can get better rates. But it is not a bad idea to get a good rate at this moment. 

Posted in:General
Posted by Eric Fang on February 27th, 2020 10:17 PMPost a Comment

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