August 1st, 2011 9:02 AM by Eric Fang
Like I explained in July 30th's blog, this is not related to the debt ceiling issue. The rate will go down any way. The main reason is the weak economy.
There are a few very good rates for rental refis.
5/1ARM 3.375%; 30 Yr fixed 4.625%; 15 yr fixed 3.875%. Please email me your loan scenrio for the best quotes. Most likely, there is no closing cost for the above rates.