Mortgage Blog

ARM will hit bottom. Fixed lower

May 4th, 2011 8:07 AM by Eric Fang

The interest rates goes as expected. You can check the
blogs for the last a few weeks/months.

From the beginning of this year, I predicted that
ARM will hit record low again.

And from last week, I mentioned that 30 yr fixed
will head lower from the market trend and
the shift of the investors' interest.

And today, I think the ARM rate hit the bottom.
The bottom is 2.5% for 5/1 ARM conforming with
no closing cost at all.

Let's wait and see in the next a few weeks.

Posted in:General
Posted by Eric Fang on May 4th, 2011 8:07 AM



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