Mortgage Blog

The interest rate went up last week. I did not change my website rate recently, for about three weeks. Normally I did not have the lowest rate on the website for some programs, sometimes more traffic is a good thing, other times it is not.

I will close about 20m loans this month. I dreamed about this level for quite some time, and when finally I am back at this level, I am not exited at all.

My dream scenario is that I can work at my own pace, I can work smartly, and also very competitively. Sometime I am cool about it, other times I am not. I know I can close more loans, but I need room for reading, running , travelling(can not do it now).

I still run about 6 miles a day, read at least one hour per day. And a little bit weight lifting related or abs related workout once in a while. San Francisco Marathon sent me emails about virtual marathon. Not sure whether I will do it, though I still lack of the marathon training. And CIM marathon cancelled this year as well.

The good news is that the interest rate went up this week. Suddenly I have a little more time now. So I am rich now, in time, I can have more time, what should I do? Maybe more reading, more running, what else can I do. Maybe I can prepare a virtual marathon this year.

The bad news is that the interest rate will go back lower again. Maybe as soon as Nov-Dec time. So if you miss the boat, we can still have plenty of time. But do not have your own expectation of the rate, we do not how low it can go.

Let's finish this blog with a story. When Ben Bernanke was the Fed Chairman, he refinanced his home loan twice. He did not know the rate could go lower the first time, and he still did not get the lowest rate the 2nd time. As someone said, no one can predict the market.

And I will write blogs more. That's a good thing, for sure.