January 22nd, 2010 8:29 AM by Eric Fang
I tried to lock the rate for one client today and they waited for better rates for quite sometime, but unfortunately, the property value is also lower, and I can not get the rates for them even though the rate is low.
If you follow this blog, personally I think there are strong resistance at the current rate level. Will it lower? It is possible if the stock market crash or down big on bad news. Other than that, the rate will stay at the trade range. Today's rate still confirmed my Mortgage Rate Trend Ananlysis.