Mortgage Blog

Jumbo Rate went up starting Friday

October 5th, 2015 5:15 PM by Eric Fang

The Jumbo Rates, 5/1 ARM, 7/1 ARM, 10/1 ARM 15 yr fixed and 30 yr fixed, they were all up since last Friday, while the other loan programs were down. I think the main reason was that those Jumbos are not Fannie Mae/Freddie Mac programs, and lenders want to have more Fannie Mae/Freddie Mac loans at this moment, if they can. But I think they will lower the rate later on.

But I indeed locked a few loans last Friday, so it will keep me busy for some time. I locked one loan for 2.75% for 7/1 ARM, 2.5% for 5/1 ARM. But 5/1 ARM rates were gone after one hour.

It was an easy weekend for me for the last two days. I aligned my back Thursday when I tried to practice for a new core workout, and I felt a little bit pain after that. So I only ran 15 miles for a pace around 8:30, and rested for Sunday. And I finished another 7 miles today for the pace around 9(min/per mile).

Went to my massage therapist this afternoon to have it finally tuned. And he said that I need to bump up my weekly mileage starting this week. Yes, I agreed, and I will run 60 miles per week for the next 4 - 6 weeks. Then tapering for my next marathon race.
Posted in:General
Posted by Eric Fang on October 5th, 2015 5:15 PM



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