Mortgage Blog

Some Rental ARMs

October 8th, 2018 7:55 AM by Eric Fang

Worked with a few borrowers to refinance their rental ARMs. Borrowers got the reset rate letter from the lenders, but we were still able to lock 7/1 ARM 4.375% to 4.75% rates with APR 5.25%(Email me for the rate quotes, please).

The rate  trends should be up, or slightly goes up once in a while. Do not expect the rate goes down in the next two years. The simple reason is that the job numbers are "too good to be true".
Posted in:General
Posted by Eric Fang on October 8th, 2018 7:55 AM



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