August 12th, 2011 9:54 AM by Eric Fang
I got the letter from one lender today sayingthat they will get me better rates for thenext quarter. They already have the best rateson the market.
The only commitment is that once we lock the loans, we need to close it. They asked us for the commitment of xx Million loans per quarter,which I am sure we can do it, but we also need to monitor the fall-out ratio(the locked loans should be closed).
I will make the commitment to get the lowestrate for you. And this lender has great ratesfor 15 yr fixed and 30 yr fixed. We expect the15 yr fixed to 3.25%, 30 yr fixed 3.875% this winter.