Mortgage Blog

Rate went up higher (12/19/2017)

December 19th, 2017 2:11 PM by Eric Fang

The mainly was because of the news: Tax Bills Moves to Senate after House Passage. I still think the rate will be a little bit lower in the next two weeks. I still have two loans needs to be locked. One is 250k loan for the rate 3.25% for 15 yr fixed, another one 4.25% for rental cash-out for 400k loan. The latter one might be easier.

Listened to the Financial markets by Robert Schiller today. I almost finished the assignment for the week 3. But interestingly, one of the topic is how to predict the recession. His answer is: No way.

Though stock market is one of the leading indicator, but still normally people become pessimistic after the market is down, then people do not want to spend more money. But it did say that government "wants' to have a recession if the inflation is too high and can not control. So the recession will solve the problem.
Posted in:General
Posted by Eric Fang on December 19th, 2017 2:11 PM



My Favorite Blogs:

Sites That Link to This Blog:

1288 Kifer Road Suite 208
Sunnyvale, CA 94086