Mortgage Blog

Got 4-5 purchase loans the past weekend. So I am wondering whether the RE market is getting better? I am not talking about the market in the bay area. It is hot and hard to get offer accepted. But for the 4-5 offers, 3 are from first time buyers; 1 for investment property. Another one is for the move-up(not final yet). So my next question is: whether I should load my builder stocks?

For the rate, I believe that we saw the short term low. We will not see much lower rate from the current level, though some borrowers expect the rates lower. But still it will stay at the current level for quote sometime, even after Fed increase the rate.