Mortgage Blog

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 hurry
to 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 few
weeks/months.

With Japan's neucleay plant problems, I personally think
the whole world economy will be affected. And the stock
market does not like uncertainty, so there will be more
investors purchase bonds, which will push the rates lower.

ARM rate may be a little bit different since it's already
at history low, though I predicted lower in last Friday's
blog.