Mortgage Blog

Everytime when the rates go up, there are borrowers
and agents asking me whether we will see the low rates
again?

This time, it may be a crying wolf again. I am not sure
whether the rate will hit previous low(most likely not),
but it will go lowr from here and a little bit lower
in the next a few weeks.

For the interest rates, it took only two or three days
to go up, it will take months back down.

But the trend is slightly going up. And the strategy is
more important.

While the interest rate is still low, we need to think about
whether we need to have 15 yr fixed or 30yr fixed? or 5/1 ARM.
Which loan program I feel more comfortable with?

When you think more about it, you will find an answer.