Mortgage Blog

Here are some of my randon thoughts of the interest rates for 2012:

1)The Interest rate will high bottom.
I know someone will interpret it as "lower" rates,
but it also means that teh rate will start going up
after 2013.

2)ARM will slightly go up. It will be above 3%
for 5/1ARM after the end of 2012.

3)Some borrowers will change the 5/1ARM to 15 yr fixed
lower rates(someone already changed to 15 yr fixed &
30 yr fixed).

4)As I alwasy said, planning is more important.
When we look back in a few years, the interest rate
of 3.75% or 3.625% is not that important to us.
For any of all the other plannings, if can do one
more thing corretly, the life might be signicantly
different.