Mortgage Blog

7/1 ARM(Loan <=417k) rate up for the last a few days

January 17th, 2014 9:47 AM by Eric Fang

Not sure whether this is a good sign or not.
Normaly this will suggest a higher 30 yr fixed
rate. So at least the 30 yr fixed will not go
down too much from here.

For 5/1 ARM rate, I closed one loan with 2.625%
in Dec, and now the rate is around 2.875% to 3%
range. Jumbo and high balance rate is still
pretty good.

Posted in:General
Posted by Eric Fang on January 17th, 2014 9:47 AM



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