Mortgage Blog

It's only a few days passed the new year. And I prepared
5 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 more
than 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 rates
hit 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.