January 15th, 2010 9:36 AM by Eric Fang
Fixed rate is only slightly better. Bond trades have some profit takers today. ARM rate is much better now. 3/1ARM 3.625%; 5/1ARM 3.875%. 10/1ARM and 10 yrfixed are good as well.
I still continue my rate recommendation. The rate can not go lower than 4.875%(30 yr fixed) without broking the strong resistance. Is it possible? Yes, if the economy is bad enough.