Mortgage Blog

A little bit thoughts about the market

December 3rd, 2010 7:26 AM by Eric Fang

1)The Stock Market. It's going the direction as Fed Expected.
So it will go up for some time. We may see some corrections.

2)The Mortgage rate. the rate goes up about 0.5% higher than
the history lows around Nov 5th. What happened during the past
30 days? We all know that the economy grows... but slowly;
the job created at this holiday season. But this rate level
is not what Fed wanted. It will go down.

Will it go down to the previous low? Not sure. Maybe. Maybe not.
Personally I think it will not go that low any more. But who knows.
Maybe another European country in financial crisis a few month

3)Loan Programs. From the recent rate ran, we know that the rate
can go up fast. And it may not go down if the economy strength
confirmed. It will be in 2011 or 2012? Nobody knows. But that
day will come. I prefer my borrowers take a little bit longer
term loans. That's why I did not promote too much for 5/1ARM.
This program is good for those who think the risk is minimum.

4)Real Estate Market. It will be stable soon. It may go up
or down a little bit. But it's the time to get stableized.
It's the time to get some properties to hedge against the
inflation, or move up to a big house.

5)Job Market & Unemployment Rate. The Unemployment rate will
be a little bit better, but not that siginificantly better
(and everybody knows). The congress did not approve the
unemployment benefits. It will push those people to try
to find a job. And they may want to find "any" job for
a pay check. But the spending power will be affected.
Someone calcualted, it's around 200Million.

Posted in:General
Posted by Eric Fang on December 3rd, 2010 7:26 AM



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