Mortgage Blog

Rate Rotation, Rate Correction & Rate Prediction

October 7th, 2010 8:57 PM by Eric Fang

Here is my observation of the rates recently.
1)We still have rate rotation. Recently investors are more
interested in conforming loans(<=417k), especially fixed
loans. The ARM rates are low, but we did see those rates
before, but not as low as the fixed ones. We should see lower
high-balanced loan rates later.

2)We will see rate correction once in a while.The job reports,
the economic data will affect the rates. We may see higher
rates if tomorrow's data is good. But still just a little bit higher.

3)It's not easy predict the rates. But still so far so good.
I do collect data from a few channels, like WSJ(Wall-Street Journal),
job websites, etc. And I have another channel other people may not have it.
I have a tenant who deliver goods(trucks) to Wal*Mart. According to him,
the economy is very very bad. And he told me that the next months, his
business should be good just because of Christmas season. But who knows
what will happen after the new year.

Let's check whether the above statement is corret in the next a
few months.

Posted in:General
Posted by Eric Fang on October 7th, 2010 8:57 PM



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