June 3rd, 2010 9:40 AM by Eric Fang
As we discussed in the eraly blogs, the rate will inch higher in the next a few days. In the mortggae industry, we also have the seasonal rates pattern, usually the rate is higher from June to Sep.
If you have your loan nlocked, please work with your agent closely to get the loan done. The process is a little bit slower than usual. Normally I can close a loan within 15 to 20 days; Now, I can only close the loan within 20 to 25 days.