Mortgage Blog

A few factors affects the ARM rate recently:
1)1 Year LIBOR index went up from 0.851 from last fall to 1.117 now.

2)Lender's Rotation is to Fixed programs now(they already have enough
ARM loans, they have to balance their portofolio).

3)Lender's pipeline management. When the lenders have enough loan, they would
lock-in the profit and close the pipeline. They don't have incentive
to lower the rates.

So at this trend will stay for a while. Will get back to on fixed products tomorrow.