Mortgage Blog

Good sign for the rates today

June 15th, 2011 9:34 AM by Eric Fang

Yesterday, the bonds/mortgage rates broke the
most important support level. The industry
was watching the rate today. If the rate were
higher, then we will say good bye for the recent

But today's rate is good based on the current
market news. We may re-coup the losses and re-test
the recent lows.

I know some borrowers missed the rate locks because
of the jump yesterday. And I am currently accepting
aplication for the following scenrios. We don't have
those rates yet, and we are waiting:

Loan Amount<<=417k)
10 Yr fixed 3.375% to 3.5%.
30 Yr fixed 4.25% to 4.375%
15 Yr fixed 3.625%.

Also, I have very good rates for Jumbo loans,
indeed jumbo loans like 1.2 million or 2 million.
Any loan amount over 729k.

Let me know if you are interested

Posted in:General
Posted by Eric Fang on June 15th, 2011 9:34 AM



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