Mortgage Blog

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It seems like that the job market is better. And the market is talking about the rate hikes in September. But still I think it is more likely in Dec.

But indeed I got more application recently for ARM. Remember that I wrote earlier in the blog that the interest for the refinance will be higher when the Fed hikes the interest rates?

It is actually not a bad idea. When I buy stocks, normally I do not purchase one when it is falling down like a knife. And I purchase it when it just started going up. I will not have the best return, but the risk is minimum.

It is the same for my clients. They just want to enjoy the low rates they have for as much long time as possible. Then refinance to a reasonable low rates.

Yes, I just finished 2015 San Francisco Marathon last weekend. And I registered another one for 2016. It is very cheap to register early. Only $110 for full marathon. And it's in the scenic San Francisco. Who cares about the hilly course. I like the experience running on the golden gate bridge.