May 4th, 2011 8:07 AM by Eric Fang
The interest rates goes as expected. You can check theblogs for the last a few weeks/months.
From the beginning of this year, I predicted thatARM 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 withno closing cost at all.
Let's wait and see in the next a few weeks.