Mortgage Blog

Rate might be a little bit lower

April 16th, 2016 10:32 PM by Eric Fang

Stock market is stable, but it might be hard to see it goes much higher from the current level. If the stock market goes lower in the next a few months(if it does), then we will see a little bit better rates. Let's wait to see whether that is possible. But it is still not bad to secure a good rate at the current level.

Talked to a few clients recently, here is the summary:
1)There are not that much of interests for the purchase of investment properties. The main reason is the high valuation of those properties make the cash flow negative for most of the areas.
2)Some clients talked about the possibility of lower sales for their industry. And they saw some layoffs. But it is still not bad to find a new job.
3)There are lots of part-time job takers. So even though the unemployment rate is low, the job market is still not that good as expected.
4)Some of the clients are starting unloading the RE properties, and selling some stocks to lock the gains.

Posted in:General
Posted by Eric Fang on April 16th, 2016 10:32 PM



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