July 15th, 2011 8:13 AM by Eric Fang
This is the 1st blog for this program. I just want to let you know the current rate, the trend, etc.
Today's rate is 3.875% for 10/1ARM with no closing cost forthe loan amount around 400k. It could go lower in thenext a few months.
These program is not for everyone. This is for those whothink 5/1ARM is too short, who currently have 30 yr fixedloan and may not stay at the house for the next 30 yrs.
I will update more on the rates in the next a few months.
And you read my blogs, you will find that I rotate the promotions as well(same as the lender). I focused on ARM at the beginning, then 15 yr fixed, and will focus on 10/1 ARM as well.
Have a good weekend.