January 4th, 2011 11:32 PM by Eric Fang
It's only a few days passed the new year. And I prepared5 pre-approval letters for my past clients for the purchase. And Locked 2 loans for the purchases in contract. And the most important thing is that I got a total of morethan 60 loans now, all floating for the better rates.
It will be easier for the ARMs to get the previous lows.And I am working on the ARM loans now. I expect to lock the ARM rates in Jan. In another works, we will see ARM rateshit the level close to the previous lows.
For the fixed rates, the 1st chance to lock the rate is the day when stock market has big correction.
Let's wait and see. Have a good day.