Mortgage Blog

Lots of clients asked about the rate trend. The only
thing I can see that we don't see the pressure of the
upward. So it will stay at this level for sometime.

But will it go down a lot from here? Not necessary.
It is the same as nobody know what the economy goes
in the next a few months. We don't know the trend
of the rate. There is on unvisible hand: the market
determines the rate, and another visible hand(Fed)
who influences the market.

For the new Fed Chairwoman, we should see the tapering
might be delayed, and the Fed will pump the money
into the market. So the rate will be stable.
But how about the RE? the job market? It is still
weak.

For me, I still have 28 miles to run this weekend.
I have to get ready, and get up early both days.