Mortgage Blog

With interest rates rising steadily since the November election, ARMs appear likely to gain market share in the quarters ahead.

For the ARM rate, (conforming) 5/1ARM rate is still around 3.125% to 3.25%; 7/1 ARM around 3.25%(this is indeed a good rate). and 10/1 ARM 3.625%. I just closed an rental refinance with 10/1 ARM for 4% with no closing cost at all. This is a very attractive rate.

My daughter is going to college this year. And last year was her busiest year ever, for the SAT test, SAT subject test, AP tests and college application. And I am glad this is almost over, and she already got a very decent school admission, though most likely will not go. But with 3 more schools' application, we are almost done with the application.

While she was busy, I slowed down for my business.  But still the loan originations were 12% higher compared to the year 2016. I should do better this year when I focus more on the business. Also, I think I should have a few PRs this year for my running due to the fact that I can train more in the early mornings.

Will post new year resolutions if I can. But too many plans recently though.