Mortgage Blog

Rate for this week and the Rumor

December 16th, 2009 9:18 AM by Eric Fang

The rate should stay at this level or lower the rest of this week. We will expect the rate lower in the next a few weeks. That's why I am collecting loan applictaions recently to prepare for lower rates.

I just heard the rumor that Fed may extend the purchase of MBS after end of March. It it becomes true, then we should have low rates for extended time frame.

Will keep you posted. Stay healthy and warm. happy Holidays.

Posted in:General
Posted by Eric Fang on December 16th, 2009 9:18 AM



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