Seems like that the house price will head lower, at leastfrom the recent Case-Shiller Survey.
For the mortgage rate, it will stuck in the range until find new direction. If you watch the rate, you can check the bondlevel, you can lock the rate when the 10 yr bond around 3.25%level, wait when it's above 3.5% or above.
So don't be hurry to get a refinnance or purchase. We should have plenty of time. This year has full of opportunities.Good planning is very important. I helped a few of my investor clients to maximize the buying power(if this isalso your goal). You can have your investment portofolio reviewed as well.
Eric Fang Mortgage Blog
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