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Is this a new trend? -- Rate rises a little bit.
January 17th, 2019 1:26 PM
Best rate scenario still can be around 3.375% for Jumbo. But if the loan amount is less than 1 million or LTV over 65%, then the rate would be over 3.43%.

A few borrowers contacted with me to refinance the existing 30 yr fixed rate to 7/1ARM. I think this is reasonable since the Fed might not increase the rate too much from the current level. And 7 years are long enough, plus the rate is much better than 30 yr fixed.

Finished 5 miles run this morning, with tempo pace around 7:30. I think I am ready for the weekend Marathon at Carlsbad. But the temperature is a little bit warm. I do not like Warm or hot temperature. But better than Boston last time when it was over 75 most of the time.

Posted in:General
Posted by Eric Fang on January 17th, 2019 1:26 PMPost a Comment

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