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 moreinterested in conforming loans(<=417k), especially fixedloans. The ARM rates are low, but we did see those rates before, but not as low as the fixed ones. We should see lowerhigh-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, hisbusiness should be good just because of Christmas season. But who knowswhat will happen after the new year.
Let's check whether the above statement is corret in the next afew months.