Mortgage Blog

It's very normal when the market is up or
down. The market has to take a rest when it went
up too much or too fast.

It's the same as for the interest rate. It has to go
down when it went up too much. That's why I collected
a lot of applications when the rate was high and I
locked most of the loans recently.

The market should be back to normal in a few days.
Don't think it's bad when the market crashes.
we can pick up some more good stocks as long as the
us economy is on the up trend.

But some people are nervous,like my previous CFP.
He managed my account for about 3 years, and he has
the ability to make the performance all negative.
This year he purchased SLV at $35 and sold it at $26.
I explained to him that I am familiar with this ETF for
about 8 years and it is insane to trade like this.
With QE3, we don't have to worry about equities. And
he was nervous and made such a silly trading.
For myself, I only made 5 trades, and the return
is over 20%(I think I am better than at least
one professional)

A few borrowers sent me emails about the interest rates
today, they expected much lower rates, but the realizty
is that rate is a little bit higher than Monday. Why?
Even though a lot of people purchased bonds today, but only
small portion on MBS. MBS will determine the interest rate,
and one of the biggest investor now is Fed.