December 20th, 2010 7:22 AM by Eric Fang
The rate is going better today. It's the 3rd down day from Thursday. I think the new trend started and confirmed.
1)Will the rate goes up and down? Yes. We will see someup and more down days. Don't panic when the rate is up.
2)Will the rate goes down after Jan? Yes. I know some traders tried to fight with the Fed. But it is notthat easy. The recent crazy jump of the interest rate is related to the Build America Bond program as well as the year-end window dressing, etc.
3)The rate may go up after Summer. So we will have to decide the loan program and rate expection now. The key is thatyou will have to set a comfortable rate target first.And wait patiently for the rate you like.
Good luck and Happy Holidays.