October 25th, 2013 10:09 AM by Eric Fang
Lots of clients asked about the rate trend. The onlything I can see that we don't see the pressure of the upward. So it will stay at this level for sometime.
But will it go down a lot from here? Not necessary.It is the same as nobody know what the economy goesin the next a few months. We don't know the trendof the rate. There is on unvisible hand: the marketdetermines the rate, and another visible hand(Fed)who influences the market.
For the new Fed Chairwoman, we should see the taperingmight be delayed, and the Fed will pump the moneyinto the market. So the rate will be stable.But how about the RE? the job market? It is stillweak.
For me, I still have 28 miles to run this weekend.I have to get ready, and get up early both days.