Mortgage Blog

I am reading the book "The Power of Habit" now.
There are a few of books of "The Power of...",
like the Power of Nice, The Power of Small, and
now The Power of Habits. And those are all kind
of popular books.

I like to read the stories from the book. And very
interesting ones when you read how the habits
can change a person's life. And sometimes, I
am asking myself the question, what's the main difference
between this book and Blink?

From my own career, I noticed that my clients are
ARM people and FIXEd people. For "ARMs", they
always choose the ARM program; and "FIXED" always
choose fixed programs. nd only small percentage
of people changes when the people switch loan
programs. And it is normal people will change
to 15 yr fixed or 10 yr fixed when the loan amount
is small.

A few months ago, I predicted that those ARM people
(with loan amount <=417k) will switch the loan program
to 15 yr fixed when rates less than 3%. It stll did
not happen yet. And I am scratching my head when are
they going to switch? hen 15 yr fixed 2.75%?