January 4th, 2011 7:12 AM by Eric Fang
Hope you guys have a great holidays.
I did enjoy the skiing with my friends on the Christmas, the New Year's partywith friends as well(also a 50 year oldB-day celabration for a friend).
After the new year, a lot of activiaties:1)More listing on the market. And the priceis very good(depends on who you are.It's good for a buyer).
2)The rates are still 0.75% higher from the history low. But it's 0.5% lower than the recent short term high.This Friday's report will affect the short terminterest rate. It could lead the rate 0.25% higheror lower, depends on the report.
3)The Bond market, or the rates are very volatile.We still have chances to get lower rates.I will lock the rates for the files I submittedlast Dec. They are not greedy. They need 5/1ARM3.125% for no cost.
4)Stock market continue the rally. We may see a correction in Jan as well.