March 16th, 2011 7:46 AM by Eric Fang
I have a borrower who has 15 yr fixed rate 4.375%.And she asked me to lock the rate for 4% if any chance.
And we do have the rate now. But we may not be that hurryto get a refi if you really want to.
The reason is that the current rate just broke the support level, and it may go lower in the next a fewweeks/months.
With Japan's neucleay plant problems, I personally thinkthe whole world economy will be affected. And the stockmarket does not like uncertainty, so there will be moreinvestors purchase bonds, which will push the rates lower.
ARM rate may be a little bit different since it's alreadyat history low, though I predicted lower in last Friday'sblog.