August 2nd, 2012 10:47 AM by Eric Fang
The best scenario rate for 30 yr fixed is 3.25% now for LTV <=60% and with impound account.
Though the rate trend is lower, but we have the similarproblems as before. Most lenders are very slow to close loans, especially when WF exit the wholesale market.
Some people asked when we can have 2.625% or 2.5%for 15 yr fixed rate We should have 2.625% anytime soon, on the condition that the trading coupon for the bonds available. So that means we don't have this rate on the ratesheet yet, but once we have it,we are going to have this rate.