Mortgage Blog

I got more and more phone calls and emails
to appreciate my rate prediction in the past
3 years. They were all surprised by those
predictions.

If you like my blogs, the best support is to email
them to your friends and co-works. Some blog readers
said that they did not know this wonderful blogs.
And I did not try to promote it. And the best
way is from the referral of you guys.

Now back to the rates. Personally I think it will
go down. We already see 3.75% for 30 yr fixed(with
impound), rate a little bit below 3.25% for 15 yr
fixed. My gut feeling is that we should see lower
rates in Janurary.

Here is my reasons:
1)Stock market had a big day Wednesday Nov 30th.
Dow was up 500+ points. But the rate did not
budge a little.

2)Fed, ECB worked together to offer aid to global
financial system. That's the main reason for the
stock market Wednesday. Remember the two words:
First: rescue. Second: Avoid (the possibility
of the future deterioriation.

3)If the Fed can fix problems so easily, the US
economy problems whould be gone after QE I, and
QE II.

But a pice of good news is that manufacture
picking up a little bit in the recent months;
and construction little bit better.

Let's wait and see after this holiday season.