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 werehigher, then we will say good bye for the recentlows.
But today's rate is good based on the currentmarket news. We may re-coup the losses and re-testthe recent lows.
I know some borrowers missed the rate locks becauseof the jump yesterday. And I am currently acceptingaplication for the following scenrios. We don't havethose 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