March 20th, 2011 7:40 PM by Eric Fang
The rate trend should be like this:1)It will take a rest first before going down further.
2)If 30 yr fixed goes down 4.5% to 4.625%in the next month. There are still not much refinance opportunities since most of us have lower than those rate.
3)15 Yr fixed rate may have the opprtunity of 3.75%. The current best rate is 3.875%.
4)We have a few properties appraised at very low value(the buyers can not believe it).We disputed the value, no chance to havebetter value. So you still don't need to wait if the value is on the border lineof 80% or 75% LTV.