Mortgage Blog

It's a good Strategy, Indeed

May 18th, 2012 10:47 AM by Eric Fang

I put an ads on
on Wednesday for three days for 30
yr fixed rates for 3.5%.

And the rate was not mostly available
on that day and I expected that we hit
the rates this week.

And indeed we got this rate Thursday and
Friday from two of my lenders. It's my
second time to use the strategy and
it worked pretty well.

A liitle bit knowledge in the mortgage
industry can help beat the competition.

And a client called me and asked me to make
a prediction of the rate trend. Basically it
hit the bottom I predicted last year.
I need to do some homework this weekend
and make another bold prediction
or still thinks that's the bottom?

Too busy is not good. I skipped two days'
running, which, according to my friend,
is against the "hitting the road sunshine
or raining" guideline. Maybe I need to make
up a little bit this weekend.

Have a good weekend.

Posted in:General
Posted by Eric Fang on May 18th, 2012 10:47 AM

I never see 30 years fix rate this low. Mine is 4.25% on $321,000 loan. How much will save me monthly if I refinance at 3.5% rate? and how much will cost me to do refinance? Please advise. Thanks!
Posted by Gina on May 19th, 2012 9:34 AM

Depends on the value of the property.
Posted by Eric Fang on May 19th, 2012 11:48 AM



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