March 20th, 2012 9:37 AM by Eric Fang
Everytime when the rates go up, there are borrowersand agents asking me whether we will see the low ratesagain?
This time, it may be a crying wolf again. I am not surewhether 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 daysto 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 aboutwhether 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.