April 18th, 2011 8:18 AM by Eric Fang
In the past weeks, I predicted that ARM rate will hit history low and may go lower.
And yes, ARM rate hit new low these dayswith 5/1ARM best rate scenario as 2.625%for no closing cost at all.
For 30 yr fixed, It will break the currentlevel and go to the next trading range of 4.5% to 4.625% in the next a few weeks.
Stay tuned.