November 30th, 2009 10:04 PM by Eric Fang
The ARM rate is a little bit higher even though the fixed rates are lower. The lenders are getting enough ARM loans, and now they compete for the fixed loans.
I have the following very good fixed rates.
Conforming:10 Yr fixed 4.125%20 Yr fixed 4.5%30 Yr fixed 4.625%
Jumbo Conforming:30 Yr fixed 4.875% to 5%.
We will see the direction after this round of low rates. Either another rotation for ARMs or reversal for higher rates.