Mortgage Blog

September Review

October 1st, 2014 10:50 AM by Eric Fang

Time flies, and 3/4th of 2014 already gone.

For the month of September, we saw the lowest rate
of the year, and them it went up again. The house sale
is slow, though the interest rate is still at low levels.
And the stock market is fluctuating as well.

It was a great month for me. It is the first month I completed
over 250 miles of running in a month. And I finished fastest
10k on the labor day race(finish time of 43:28).

Though the business was slow, I still closed over 10 loans
while running a lot and taking good care of the family.
The mortgage business will stay at this level for quite some
time. And I reviewed the 13 loans, for the loan programs,
5 loans with 5/1 ARM High Balance Refi; one 7/1 ARM purchase
loan(yes, in WA state); 4 loans 30 yr fixed(2 of them refi); 3 loans
with 15 yr fixed. The current loan rates are still ok except the
ARM HB rate went higher for the last a few weeks.

We still expect the ARM rate will stay at this level, and the volume
might pickup since we have so many ARM rate clients.
Posted in:General
Posted by Eric Fang on October 1st, 2014 10:50 AM



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