September 30th, 2011 9:12 AM by Eric Fang
We had lenders with good 15 yr fixed a few weeks ago;lender had very good rates for high-balance loans.
But recently, there are some changes:1)High balance rates are higher. The lenders/investorsare doing this on purpose. They are balancing theportofolio. So currently, they don't want to have toomuch high balance loans.
2)15 Yr fixed rates (comparatively) higher. But 30 yr fixed rates are pretty good. The best case for 30yr fixed is around 3.75% now.
We will expect the rates will stay at this level for sometime, until some uncertainty in Europe again.
I did predict the rates going lower. But it will not happen in October or early Nov.