Mortgage Blog

I did invest a lot on financial stocks. Lots of people
asked which stock to own, BAC or WFC.

Basically those are two different kind of investment.
WFC should survive with good performance, this will
be a long term hold. If you want to invest in BAC,
you should understand that there are lots of uncertainty
for this stock, so much risk, but as long as this
bank can survive, the return will be better than WFC.
So it dedends on your investment strategy and your long
term goal.

This reminds me the questions my clients asked me all the
time: should I choose 5/1 ARM or 30 yr fixed?
If this client has lots of properties, sometime I can advise
them to have some ARM, some fixed. But for most other
people, I could not recommend much because I don't know
their goal and the risk tolerance levels.

And I told them that I am a conservative guy, so that's why
I choose longer term program myself.

Since last year, I started to have blogs mention that the
rates near the bottoms, especially with the recent G-Fees
from the Fannie Mae and Freddie Mac. But overall, the rates
is still not bad at all.