Mortgage Blog

5/1 ARM rate is getting better

March 22nd, 2018 7:22 AM by Eric Fang

I have the best rate of 3.625% to 3.75% for 5/1 ARM based on loan amount. Please email me the scenario if you are interested.

Stock market is down a little bit, which is not a bad thing. The market needs a little bit correction. And also, the interest rate needs stay a little bit low. A I said before the bonds is hard to cross 3% level, until the people get used to it. But we need to wait at least two quarters for the new home build numbers, whether they are affected or not. But from the data I have, the new loan application from the new development is good. Though the building permit was down, but the single family was ok. And if there is a housing crisis this time, it is the short of inventory.

Ran another 10 miles this morning. Will race new Orleans half marathon this weekend. Did not want to have a PR, but will enjoy the beautiful weather, nice food and jazz.

Posted in:General
Posted by Eric Fang on March 22nd, 2018 7:22 AM



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