Mortgage Blog

Rate not down as expected
June 23rd, 2011 9:24 AM

A lot of people may think the rate should teh rate should
go down along with the market. But it actually did not.

The only reason for this is that there are hug gaps
between 30 yr fixed 4.375% and 4.25%. We will get that
level with another two days down market like today.
Otherwise, it will be hard. But the good news, small
loans might be able to get those rates.

I expect 15 yr fixed may go down a little bit more
in the next a few months.

Posted in:General
Posted by Eric Fang on June 23rd, 2011 9:24 AMPost a Comment

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