Mortgage Blog

Maybe it's because of the slow holiday season, or because the fade of Trump effects, or because the bonds are too oversold, it had to take a rest and change the direction soon.

But according to my research, if there is a really a chance of lowering rate, it should be around March.

Market has complicated news about the rate prediction. In one word, nobody knows. HSBC predicts the bonds will be back to 1.5% level next year. Some other agencies think the 30 yr fixed interest rate will stay around 4.125% to 4.625%. 

I have some borrowers start choosing ARM now since the fixed rate is high anyway. And there are a few borrowers thinking about "when" to refinance the current ARM rate. Though it is around 3%, it's still not too high.

Though the business slow, we are stilling "working". Just not on the loans, we are reading lender's guidelines to try to help more buyers. And we can work on some "specific" loans, like those condos with litigation. Like those who work out of USA, but reported tax returns and still wanted to purchase properties here, etc.

Books the flights and hotels in Boston for the April Boston Marathon. We will have fun for the three day trip there.
Finished compiling my contacts for the campaigns. But there is no good rates yet.