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The author talked about the life after giving up his dream to pursue Indian philosophy, and became a journalist and backed to normal life, "Because he's given up, the surface of life was comfortable for him. He worked reasonably hard, was easy to get along with and, except for an occasional glimpse of inner emptiness shown in some short stories he wrote at the  time, his days passed quite usually".

My comments: it is not bad to enjoy a normal life. And also, in another word, he is getting older.

The night they stayed at a cabin in the park: "We talk with no need to hurry. This is the oldest entrance to the park. It was used before there were any automobiles. They talk about changes that have taken place over the years, adding a dimension to what we see around us, and it builds to a kind of beautiful thing-- this town, this couple and the years that have gone by here".

Yes, the other dimension is "Time". And time flies.

And you will still feel the beauty of the nature when "I am conscious of the sounds of the river rushing past boulders below and a fragrance in the night wind".

And you imagine that there is such a beautiful picture there.


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Posted by Eric Fang on December 3rd, 2019 2:11 PMLeave a Comment

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December 1st, 2019 9:40 PM
I can only finish 34 books this year. The main reason was that I was too busy with my loans. I do not think it is worth it. I would rather read more books for 2020.

I finished Chapter 11 for Zen and the Art of Motorcycle Maintenance: An Inquiry into Values. Some other people might be interested in the philosophical odyssey from this book. I am kind of more interested in his trip from MN to San Francisco. At least after finish the first 11 chapters, I know something about North Dakota and South Dakota, Minnesota etc. 

For Londoners, I just try to see how the London people eat, live, enjoy the city life, and also struggle. We can also related their life to that of LA, NY, Chicago. And why people still love those big cities.

And yes, I love to read any books from David Brooks, I bought the book: the second mountain first, and next year, I will read "The road to Character". He is one of my favorite Columnist from The New York Times. You can read his column here: https://www.nytimes.com/column/david-brooks.

I like another  Columnist from The new York Times, Thomas Friedman as well. I finished a few books from his as well. Like, the World is Flat. And Thank You for Being Late. Etc.

Here is the book list for 2019: www.ericfang.com/2019BookList

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Posted by Eric Fang on December 1st, 2019 9:40 PMLeave a Comment

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1. Housing Starts are improving. This is especially true for single-family homes, which have risen for five consecutive months. This trend suggests anticipated buying demand.

2.The labor market remains strong. Rates don't buy homes, jobs do. 50+ year low unemployment at 3.6%, coupled with rising wages makes for a wonderful housing backdrop.

3. Low home loan rates for longer than most expect. Rates don't buy homes, but they definitely help more people participate in buying a home. With inflation running beneath the Fed target of 2.00% for the foreseeable future, there should be no upward pressure on home loan rates.

But still do not expect the mortgage rates goes back to the Sep/Oct range any time soon. The main reason is we do not see a recession on the horizon.

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Posted by Eric Fang on November 22nd, 2019 11:13 AMLeave a Comment

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Here is the link: Some of the World’s Richest Brace for a Major Stock Sell-Off

Here is the summary:
1)They hold 25% cash now
2)They think the market will have a significant drop in 2020

Mainly they are concerned about:
1)trade war wit China
2)US Election in 2020
3)investment environment is more challenging than 5 years ago.

 



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Posted by Eric Fang on November 12th, 2019 3:57 PMLeave a Comment

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November 8th, 2019 4:04 PM
I just finished the book:  Talking to Strangers, by Malcolm Gladwell. I would highly recommend this book.

From this book, you will find a lot of interesting case studies. The Stanford swimmer Brock Turner vs Emily Doe,  The Sandra Bland case, etc. And you will definitely learn something from this book. If you are interested in this book, you can start with the book reviews first.

I study English for one hour per day(formally), I know it sounds weird. I can talk to my clients, my friends. But if I want to talk more about the culture, more of the deep conversation. I need to spend more time on it. I think I can do it for the next 5-10 years. One day will not make the difference, 1 year might not. But 10 years will sure make the difference. I know it by the running. I could not run 3 miles the first day when I planned to lose weight, and 6 years later, I can almost finish one marathon every weekend.

And also from the learning English, I am kind of over the hill now(over 50s), so I will accept the fact about that. And from another lesson, the two hosts talked about the making of money, I echoed with them, what's the purpose of making money if you have no time to enough the life the money can bring to you. Yes, I will slow down, work less, and travel more, and read more. Stay tuned.

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Posted by Eric Fang on November 8th, 2019 4:04 PMLeave a Comment

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Home loan rates are at the same level they were at back on July 31st when the Fed cut rates for the first time in 10 years.

A word of caution: long-term rates like mortgages can move up very fast, and it is in a complacent environment like today when things suddenly change. Using history as an example, the 10-year Note yield has traded at 1.40% or lower on three separate occasions in the past seven years. In the two previous times -- 2012 and 2016 -- the 10-year yield quickly spiked to 3% and 2.75% respectively in just six months. This sharp move higher in yield also weighed on home loans, which also rose sharply.

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Posted by Eric Fang on November 8th, 2019 10:32 AMLeave a Comment

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This past week the Federal Reserve cut the Fed Funds Rate for the third time this year, by .25%. Along with the rate cut, the Fed released a statement that suggested a "pause" in further cuts, but stated they will be ready to act again should "slowing global conditions" continue or if inflation declines further.

Speaking of inflation, it is important to remind ourselves that the Fed rate cut does not affect home loan rates. Home loan rates are slightly higher than they were right before the Fed started cutting rates in July. The main driver of long-term rates is inflation. If inflation goes up, long-term rates go up. The opposite is also true.

With that said, here's an important quote from Fed Chairman Jerome Powell yesterday: "I think we would need to see a really significant move up in inflation that's persistent before we would consider raising rates to address inflation concerns." This means that the Fed is not likely to hike rates anytime soon, and long-term rates should not go too high too soon either because there is no threat of high inflation at this time.

Bottom line: home loan rates are near three-year lows and this week's modest price improvement can be quickly erased should good news regarding U.S./China emerge.

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Posted by Eric Fang on November 1st, 2019 1:44 PMLeave a Comment

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Lots of people asked whether we have lower rates again.

First, the mortgage rate is different from the Fed rate. Fed rate changes only a few times a year, the mortgage rate changes every day.

Second, this year, the Fed Rate cuts are preventive strategy. It plans to prevent the economy enter into the recession. If the Fed strategy works, then the interest rate will go higher, not go lower.

Third, Lender always have the pipeline management issues. Whenever they have enough loans in the pipeline, they would increase the interest rate(not lower) so that they can complete the loans.

Fourth, lenders/banks plan to have a little bit higher rate so that their profit margin would be better, so that their earnings can improve a little bit.

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Posted by Eric Fang on October 30th, 2019 10:27 PMLeave a Comment

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Here are 3 reasons why:
  1. Solid corporate earnings and future positive guidance from many public companies were a pleasant surprise for many who were bracing for a far more disappointing outlook. As a result, Stocks moved higher last week at the expense of Bonds and home loan rates.

  2. U.S./China trade deal optimism continues. It's been slightly over a week since the U.S. and China came to a "handshake" trade agreement, and all signs are pointing to the deal being papered and signed in the coming weeks. This once uncertain event has become quite positive, and was another reason for Bonds to move lower and rates higher.

  3. A "Brexit" deal, where the U.K. will leave the European Union, has been drafted. The deal still has to pass a Parliamentary vote and carries some hurdles. But much like the U.S./China story, Brexit has gone from hopeless to a pretty good chance of a fix in a short amount of time. Once again, this is another uncertain event removed, and the renewed optimism helped Stocks and hurts home loan rates.

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Posted by Eric Fang on October 18th, 2019 10:05 AMLeave a Comment

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October 17th, 2019 12:30 PM
With much surprise and delight, new home sales jumped in August 2019. According to the Commerce Department, there was a 7.1% increase with a seasonally adjusted annual rate of 713,000 units last month. This is great news for businesses involved in the housing industry, from construction workers to real estate agents. Most of the sales were single-family homes in the South and Western states.

Perhaps due to mortgage rates dropping, building permits and housing starts were at a whopping 12-year high in August. In addition, home resales rose to one of the highest levels seen in over 17 months. All of this information is great news for the economy overall.

Many believe that this improvement in housing data means that the housing market is finally rebounding after the recession of 2007-2009 that hit so many homeowners and housing industry jobs hard.

Interestingly, home sales in the Northeast section of the country fell by nearly 6% and the Midwest fell around 3%. The Southern portion of the country saw a 6% increase in the month of August, while the West rose 16.5%.

In evidence of homes selling rather quickly, August's sales pace should only take a little over five months for houses to sell, which is down from July's number of nearly six months. In August, we saw only 326,000 new homes on the market which is the lowest it has been since September of 2018. It certainly appears that new home sales are overtaking resales, as nearly 63% were still under construction or haven't even been built yet.

With the Millennial generation ready to purchase homes, it is no surprise that new home sales are on the rise. This generation is looking for specifics of what they want in a home and can have a home built that fits their lifestyle. Let's see what happens for new home sales in September and the rest of 2019! 
 

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Posted by Eric Fang on October 17th, 2019 12:30 PMLeave a Comment

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October 15th, 2019 10:19 PM

The finish time is 3:34:15. Not bad at all, given no sufficient training for the last 2 months. I have one more marathon this year. I will take it easy.

The interest rate went up recently. So I would recommend my borrowers to proceed with the best rate we can have now, then wait for any better chance of refinance in the future, if possible.


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Posted by Eric Fang on October 15th, 2019 10:19 PMLeave a Comment

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October 8th, 2019 9:56 PM
I complete the Berlin Marathon last weekend 09/29/2019. The finish time is 3:38:55. Not bad since I did not have much training. The main reason was that I was too busy from June - August, mainly for the loans. I am happy with this result.

Please click the link for my running video at Berlin: https://drive.google.com/open?id=1I14B6UYDLOb2btRE_DQrgk17rSrJ3wOC

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Posted by Eric Fang on October 8th, 2019 9:56 PMLeave a Comment

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September 20th, 2019 2:24 PM
This past week the Federal Reserve cut the Fed Funds Rate for the second time this year, lowering the rate to 2.00%. Remember that the Fed Funds Rate is a short-term, overnight rate that has little effect on home loan rates. Home loan rates respond to the trading activity in Mortgage Bonds, which are influenced by the economic outlook and inflation expectations.

Not all Fed members were on board with the .25% rate cut. A few preferred not to cut rates while another wanted a bigger .50% cut.

Along with the Fed rate cut, here are three important takeaways from Fed Chair Powell's press conference and the Monetary Policy Statement:
  1. There is no recession in sight. One of the fears in recent months and cause for home loan rates to decline this summer was the fear of a recession. Powell debunked the recession myth, which is the reason why they suggested the possibility of no more rate cuts in 2019... the U.S. economy is doing fine.
  2. The consumer is also alive and well. The main reason the U.S. economy won't slip into recession is because the U.S. consumer has never been more willing and able to spend money. Consumer spending makes up nearly two-thirds of U.S. economic growth (Gross Domestic Product), so a recession will not occur while the consumer remains confident.
  3. Exports have slowed. This was a negative point from the Fed statement. There are a couple reasons -- one being the uncertainty surrounding the U.S./China trade dispute. But there is another reason they have slowed, and it is because our exports are too expensive for other countries, because our U.S. dollar has strengthened against other global currencies. This is why the Fed will likely cut rates again, despite suggesting otherwise, to soften the U.S. dollar and make our exports cheaper to other countries.
After the Fed came and went, home loan rates actually ticked up slightly. Why? The U.S. economy is not slipping into a recession and the Fed will take measures, like cutting the overnight Fed Funds Rate, to prevent it from doing so. Think good news is bad news for home loan rates.     

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Posted by Eric Fang on September 20th, 2019 2:24 PMLeave a Comment

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September 19th, 2019 11:35 PM
So far I registered the following marathons for 2020:

March , LA Marathon
May: Mountain to Beach
July: SF Marathon.
Still more to come.

Still need to finish the following three this year:

Berlin Marathon 09/28
Chicago Marathon 10/13
CIM(California International Marathon) 12/08/2019

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Posted by Eric Fang on September 19th, 2019 11:35 PMLeave a Comment

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September 13th, 2019 8:06 PM
1. U.S./China Trade Dispute: In recent weeks both sides have played "nice" with tariffs being delayed by the U.S. and China opening markets. How this story goes, so will global economies, financial markets, and home loan rates. At the moment, there is no bigger story to track.

 

2. Tug of War: The push/pull action between slowing global economies and world central banks is at play. With economies slowing, central banks are cutting rates and introducing new financial stimulus to keep the economic expansion growing. If central banks are successful and economic growth reaccelerates, home loan rates will suffer further. The opposite is also true. 

3. The "Technical Picture": It has turned against home loan rates for now. Back on August 5, Mortgage Bonds hit a 2019 price high and have been unable to break above that price, and subsequently slipped lower creating a tough "ceiling of resistance" that Bonds will have to pierce in order for home loan rates to further improve

 


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Posted by Eric Fang on September 13th, 2019 8:06 PMLeave a Comment

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September 11th, 2019 11:29 AM
I do not know why I choose this topic. Just want to tell a few stories, then you will know what I meant.

I have one client who is on 4.375% 30 yr fixed loan with loan amount around 700k. We quoted rates from 4% to 3.5%, and now his goal is 3.375%. The goal is not to get the lowest rate. Instead, his goal is to save the money. I told him that he already saved a lot money by lowering the rate from 4.375% to 3.5%. And the lower rate of 3.375% was nothing compared to the big savings from 4.375% to 3.5%. What if he got the rate 3.375% one year later, or what if he would never get it(I know he should be able to get it).

Another one: borrower was on 30 yr fixed 4.25% for about 1.5m loan, then I locked the rate for 3.875%, then he asked BOFA got him 3.75%, and he asked me whether he could get 3.625% from me. I told him, if the direction was wrong, no matter how much you tried, the result would not be good. My suggestion to him was actually to get 7/1 ARM instead for around then 3% rate.

Another one: purchase loan amount 1.5m with higher closing cost, we know borrower will get lower rates for the same 1.5m loan amount with refinance. The borrower would call 7-8 lenders to compare the rate(though he chose me to do it). I told him that he should focus on closing. We know that he would do another refinance any way. And he would get a lower rate. Then the focus at the moment is to get a smooth closing. Is it not? 

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Posted by Eric Fang on September 11th, 2019 11:29 AMLeave a Comment

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September 9th, 2019 4:56 PM
Boston Marathon is open for the registration. I am still not sure whether I would run or not. I still have one week to think about it.

One reason is that I already ran Boston before, and I do not have to run it again. And I can actually run a marathon in Europe, like Prague or Paris, or another city marathon. I know Boston is more "popular".

Another reason, I am more interested in Tokyo Marathon. The lottery draw time is September 19, 2019. But by them, the window for Boston closed. I do not have the chance to try both. Or I do. But they are too close.

I think I did not update my book list for a long time. I did read a lot recently. Will update it this afternoon.

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Posted by Eric Fang on September 9th, 2019 4:56 PMLeave a Comment

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Bonds and home loan rates hate good news. So, the influx of positive news abroad coupled with strong jobs data here in the U.S. pressured Mortgage Bonds lower and home loan rates higher.

The main event, which helped Stocks and hurt home loan rates, included fresh progress on the U.S./China trade front as both parties are set to meet once again in October. To be clear here, a U.S./China trade deal would be incredible for the entire global economy as it would spark more trade talks and deals around the world. If a deal is had, home loan rates will suffer -- the opposite is also true.

Bonds and home loan rates also hate uncertainty. So, when some uncertainty was lifted, as Brexit now appears to be on hold for the time being, this also helped Stocks at the expense of home loan rates. Finally, seeing uncertainty removed in Hong Kong as protests simmer down was yet another hurdle for U.S. Bonds to contend with.

The Goldilocks economy in the U.S. continues. August jobs growth remains strong, the consumer continues to spend, and there is no recession in sight. All this good news and we still have home loan rates hovering near three-year lows. 
 

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Posted by Eric Fang on September 6th, 2019 1:46 PMLeave a Comment

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September 4th, 2019 2:52 PM
30 Yr fixed rate will not go much lower from the current level. Maybe 0.125% to 0.25%.
15 Yr fixed will have much room to go lower, but it will go lower after each Fed rate cuts.

ARM rate will go lower after Jan, 2020. It will go below 3% for sure, 2.5% to 2.625% possible. But it takes time.

Still I can not post mortgage rates, please send email to efloans@gmail.com for your loan scenario. But will get surprises. Or call 650-483-9278

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Posted by Eric Fang on September 4th, 2019 2:52 PMLeave a Comment

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Home loan rates finished this past week essentially where they began, near 3-year lows. 

With all the chatter of a global recession and elevated fears that the U.S. will slip into a recession thanks to the recent inverted yield curve, why haven't rates improved further? Is the Bond market telling us something? Quite possibly. 

There is a force around the globe whose sole purpose is to promote job growth, manage inflation, and promote economic stability to avoid a recession...and they are the central banks of different countries. They have woken up around the world and have already started to enforce measures to promote economic growth. The European Union has already cut rates and is prepared to introduce more economic stimulus. And our Federal Reserve, the Fed, is set to cut rates multiple times over the next few months. 

These central bank rate cuts and additional stimulus serve as the opposite end of the tug of war, helping to pull economies from the brink of recession. And only time will tell if our Fed and other central banks around the globe are successful. 

It could be this very reason why interest rates, including home loan rates, have not declined further. If the Fed is going to cut rates to help promote economic growth and elevate inflation, it is actually bad for long-term Bonds like Mortgage Bonds. There is also a saying "Don't Fight the Fed." If the Fed is doing things counter to promote low long-term rates, they could win the tug of war and limit how low home loan rates will go. 

And we got the email that some banks will increase the interest rate a little bit for better profit margin, so that their books will look better.

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Posted by Eric Fang on August 23rd, 2019 1:07 PMLeave a Comment

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August 16th, 2019 1:24 PM
This past week we watched Bond yields/interest rates decline around the globe on rising fears of a global recession. 

It's worth noting that home loan rates did not partake in the declining interest rate party this week as the Treasury market, not the Mortgage Backed Security market, received the majority of investment dollars. 

A recession is defined as two consecutive quarters of negative growth, so when Germany reported its economy shrank or contracted, financial markets were spooked and investors fled into the safe haven of the U.S. dollar and U.S. denominated assets like Treasuries. 

The flood of capital into the U.S. caused our 10-year Note yield to drop sharply and beneath that of the 2-year Note yield, causing a yield curve inversion for the first time since 2007... right before the global financial crisis. 

History has shown that each time the 10-year yield moved beneath the 2-year yield in the last 50 years, a U.S. recession followed sometime in the next 22 months. 

So, is the U.S. headed for a recession? Maybe, and the chances increase everyday as the U.S. economy is in the midst of the longest economic expansion (without a recession) in our nation's history.

Could the yield curve inversion be a false signal this time around? Also, a maybe. 

With term premium or the added yield investors demand to park their money in long-term Bonds declining for over 30 years, it's more likely to see yield curve inversions today. And with global yields collectively at 120-year lows and negative around much of the globe, money is literally pouring into our Treasury market as our anemic 1.59% 10-year yield is relatively attractive. 

The chance of a recession in 2020 has climbed to about 30%. It will be interesting to see what happens with a couple of Fed rate cuts before 2019 ends. 

A U.S./China trade deal, while not likely soon, would go a long way to help lift uncertainties and help many global economies possibly avoid recession. 

Bottom line: the risk of recession has risen, but we are not seeing a recession in the cards at the moment. Being the cleanest shirt in the laundry, the U.S. is attracting investment dollars in droves and helping cause an inversion. Home loan rates have not declined further as the gains in the Bond market have been limited to the Treasury market. So if you are in the market to either buy a home or refinance, today is a great day to do so.

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Posted by Eric Fang on August 16th, 2019 1:24 PMLeave a Comment

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August 14th, 2019 10:29 AM
The DOW was down around 750 points, but the interest rate is not getting lower. The lender is unwilling to give low mortgage rates unless Fed lowers rates again.  Another reason the treasury bonds are higher, but not MBS(Mortgage backed security). So the mortgage rate is not lower.

Also, the lenders will not lower the rates too much when they have lots of businesses. It reminds me of Apple who did not lower the IPhone price when the demand was strong.

I cleared two retirement accounts Monday. All are in cash now. Though not at the best level, but it was ok as long as I can get in later at a cheaper price. I still remembered my 94k investment in index funds in 2008 turned to 400k (last year and this year). Though I will not sell that account, I believe the market will go lower in the next two years. 

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Posted by Eric Fang on August 14th, 2019 10:29 AMLeave a Comment

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August 7th, 2019 5:07 PM
I do not know why I did not talk too much about my marathon on 07/28/2019. Actually it was one of my best marathons.

The weather was a little bit higher than normal, so we felt hot and humid for the last a few miles. 

For the first a few miles, I felt my calf a little bit stiff, so I took it easy, and ran slowly. My breath was not good, so I ran based my heart rate monitor, not by the pace. I know I should keep the HRM reading under 150.

After a few miles(6-7 miles), my legs were better, and I can overpass some runners, since it was on the golden gate bridge, so I had to follow other runners, and HRM reading was still pretty good.

This was a hilly course, a little uphill and downhill. Normally we should feel happy when we have downhill, but since it was too steep, we still can not run too fast. But It was ok, by the HRM reading.

I was very busy for the loan business in June and July(I closed over 10m in July), so I had barely training in June, and most of my "real" training was in July. I ran a few tempos and a few intervals. Though I know It's hard for me to keep the pace around 7:26 level, but 7:36 level should be alright.(I plan to run 7:26 in Berlin).

Since I ran slowly at the beginning, I did not feel much tired for the last a few miles, It was only around 20-30 seconds slower. And my finish time is 3:36:52. Very good one for the San Francisco Marathon.

And I also registered for 2020 SF marathon again. I might use the same strategy for Berlin Marathon. 

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Posted by Eric Fang on August 7th, 2019 5:07 PMLeave a Comment

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August 7th, 2019 4:20 PM
Some borrowers switched from 30 yr fixed to 15/1 ARM recently. 15/1 ARM is a new loan program which fixes the rate for the first 15 years, and the rate is not bad. The rate is around 3.875%, for the right loan amount and LTV.

Please let me know if you are interested.

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Posted by Eric Fang on August 7th, 2019 4:20 PMLeave a Comment

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Now, the gap between the purchase loan and refinance loan is 0.225%. That means purchase loan rate is 0.225% higher now. So we can relax and enjoy the summer. Maybe not, I still have another 10m loans to process.

And yes, I ran San Francisco Marathon over the weekend. The finish time is 3:36:52. Not bad for a hilly course.

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Posted by Eric Fang on July 29th, 2019 8:24 AMLeave a Comment

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July 26th, 2019 7:43 PM
The financial markets are bracing for a multitude of headline risk events in the upcoming week and traders are reluctant to place bets on the next market move in advance of the news. More on this in the forecast below. 

The European Union continues to struggle economically. This past week Germany posted very weak economic numbers and manufacturing data, and as a result the European Central Bank said they are prepared to offer more stimulus to help their economies. The bad news in Europe pushed their Bond yields lower, and in turn helps push U.S. Bond yields and interest rates lower. 

Here in the States, the U.S. remains the "cleanest shirt" in the laundry when compared to other global economies. This past week we saw strong Durable Goods Orders, which highlights the strength of the U.S. consumer, the shortest unemployment line in over 50 years, and strong corporate earnings reports. 

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Posted by Eric Fang on July 26th, 2019 7:43 PMLeave a Comment

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This past week had little economic data for the financial markets to react to. As a result, home loan rates have inched higher though they remain near multi-year lows. 

Take a look at the chart below. It's pretty easy to see the sideways trend in mortgage Bonds and the reason why home loans have stabilized since the beginning of June. 

It is normal to see quiet sideways trading action in the summer months, especially with the U.S./China trade war punting into the future and the Fed about to cut rates at month's end. Traders are more apt to sit on their hands and wait for the next directional move in the financial markets. 

What should we expect next for home loan rates? Volatility. Long, boring and complacent sideways trading patterns like we are seeing in mortgage Bonds are typically followed by an increase in volatility, and a sharp breakout one way or the other. 

How mortgage Bonds respond to the Fed Statement and rate cut on July 31 may very well determine the next directional move in home loan rates. 

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Posted by Eric Fang on July 19th, 2019 3:01 PMLeave a Comment

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July 12th, 2019 11:43 AM
Sorry for not being able to write more blogs now. Not sure why. Maybe because I was busy, or maybe just simple lazy. This is a problem with a rider and the elephant. The rider wants to go that direction, but the elephant did not want to go.

Anyway, I had tons of "excuses". I travelled a lot during the last 30 days, anyway, I added 3000 miles on my car. Just family visits, or drove to meet the friends, or drove the relatives to the tourist areas. Or simple to LA to visit my daughter. And because I worked too hard(I already closed 7M loans in July), my back hurts. I think it was a combination of working too many hours and driving too many miles. So I went for a few massage trips, and finally I t is getting much better.

Started training for Berlin Marathon. I felt great(at the training), at the mean time, I felt like getting older, it is so hard for me to push for 7 minute pace, though I know I do not have to. Maybe I simply needs more rest.

Finished reading the book Switch. And left the book with my daughter last weekend when I visited her. And she finished her book "Becoming", that's how I started reading this week. Though busy, exercising would be the first priority, and the reading the 2nd.

There is a new definition of law of diminishing marginal utility. People should not focus on something with diminishing marginal utility, something like Money. Extra money will not make you feeling extra happiness. For those days when I felt the back hurted, I realized the importance of healthy body. Yes, health is more important than anything else.

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Posted by Eric Fang on July 12th, 2019 11:43 AMLeave a Comment

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June 30th, 2019 9:30 PM
I was so buy for the last month, and I finally had some sound sleep this week. For the past week, I was able to close 3 purchases(all with 21 days of closing). I was so tired, and decided to slow down from now on, maybe for the rest of this year.

I finally had the time to update the Book list. Here s the link. I will read more books in the 2nd half of 2019.

And change for me, I started regular training. I ran 10 miles, biked 10 miles and had 1 hour workout today. I think I should be ready for the Berlin Marathon. Here is the plan for the next week.

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Posted by Eric Fang on June 30th, 2019 9:30 PMLeave a Comment

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June 27th, 2019 10:43 PM
This is the first week for the 3 month training. I started with 6 easy miles Monday, 10 miles Tuesday(5X1K interval plus 3 miles Tempo); And 10 miles Thursday(6 Miles Tempo). I can still managed the pace under 7:30. That's my goal. Not too fast not too slow. I hope I can build up the momentum.

Worked like crazy recently. Still have 18m loans after lots of loans closed. Rate were good, referrals are coming. And some agents just got me 21 day closing loans. Yes, I got 4 of them done(one closed June 19th, One Closed 27th, another will be closed 28th, and one more July 2nd). 

Sometimes I think it is not worth it to work that hard. It is just because of some kind of pride. When the agents complimented me of being able to do the loans within 21 days, and still with good rates, Then I felt good, and worked like a slave, the slave of fame, slave of stupidity and slave of compliments.

And this week, I started training again, for the marathon. And everyone, wish me good luck, I will enter the lottery for next year's Tokyo Marathon. Wish me good luck, and I will get in. 

Posted in:General
Posted by Eric Fang on June 27th, 2019 10:43 PMLeave a Comment

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