February 9th, 2011 12:32 PM by Eric Fang
1)The rate is still low, compared to the rates a few years back. Even though some clients did not get the lowest rates, the rate they have still not bad.
2)ARM rate is still at history low. For those simple loans(with impound), I can still get 2.875% - 3% for my clients. Not bad, right?This rate is only good for those who does not have rental properties.
3)The rate is up and down. Though the trading rangeis higher now, it's within that range. Though the current inflation(outside of us) suggests higher interest rates; the us economy can not support that. Much higher interest rate will hurtrecovery. So it will go down. The only thing isthat it will not go low lower.
4)Higher rates is good for purchases. The buyerscan get better deals, and they can refi later on.