Mortgage Blog

It's crazy. Is not it?The rate is up again

November 12th, 2010 1:09 PM by Eric Fang

This time the reason is the inflation in China. And eventually it will get back to us. And this makes the bond traders concerned. And yes, the rate is up.

Don't worry. This time we need the Fed to do what they are supposed to do. And let's see whether the QEII purchase will bring down the rate back to the normal level.

I know lots of people are waiting for low rates. Some are unrealistic. And some are getting a little panic now after the rate is up. It's still in the trading range and it will be back lower.

Have a good weekend. 

Posted in:General
Posted by Eric Fang on November 12th, 2010 1:09 PM



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