January 2nd, 2012 11:34 AM by Eric Fang
Here are some of my randon thoughts of the interest rates for 2012:
1)The Interest rate will high bottom.I know someone will interpret it as "lower" rates,but it also means that teh rate will start going upafter 2013.
2)ARM will slightly go up. It will be above 3% for 5/1ARM after the end of 2012.
3)Some borrowers will change the 5/1ARM to 15 yr fixedlower rates(someone already changed to 15 yr fixed & 30 yr fixed).
4)As I alwasy said, planning is more important. When we look back in a few years, the interest rateof 3.75% or 3.625% is not that important to us.For any of all the other plannings, if can do onemore thing corretly, the life might be signicantly different.