October 13th, 2011 8:24 AM by Eric Fang
Be patient. But I will recommend to lock the rate at reasonable level. I do have some prospects to request 3.75% for 30 yr fixed 200k loan; 3% for 15 yr fixed 200k loan.
I would say that you can wait if you already had very good rates, like my clients who got 4% of 30 yr fixed in 2010. Otherwise, we will have to watchthe rate going up or down.
By the way, I am still accepting application to "wait" the better rates.