Mortgage Blog

If the market will go as expected, the stock
market will have a little bit correction,
the interest rate should improve a little bit
from here. That's almost for sure. The problem is
how much improvement we will see in the next a few
weeks.

The interest rate is almost at the bottom, and
we may have the bottom sometime ago. Some rates
might have another 0.125% lower from the current
level, most programs will trade within the range.

Since the rate is almost at the bottom, it should
be wise to pay the closing cost for the rental
refinance. Recently, there are some clients took
30 yr fixed loan with 3.5% to 3.625% for rentals
depending on the loan amount and LTV. In the long
run, it will not be a bad decision.

Read "Random Walk Down Wall Street" recenty(I
like to read a few books at the same time),
this is indeed a good book. There is one chapter
did talk about the Conglomerate Merger(
http://en.wikipedia.org/wiki/Conglomerate_merger
)will make the earnings "look" better with x%
growth year over year, which might not be true.