Mortgage Blog

It's the first time I did not write a blog for about
two weeks. Shame on me.

I took a short vacation the end of last year. And I was
on the road Monday and Tuesday this week. And I think
I can settle down for a few weeks/months now.

I managed to reply all the emails for the last two weeks.
Starting this week, I got a lot of emails asking the rate
trend. It is very obivious that the rate trend is up.
Any news of lower rates were not true. I know some borrowers
got the news from somewhere that fixed rate were down or
Jumbo ARM rates were lower, were not true.

Basically we will need a strategy now. If you have a higher
rate, waiting for a much low rate is not realistic. But
15 yr fixed or 7/1ARM rate is ok, compared to the difference
with 30 yr fixed.

For my stock investment, I am not a good trader. When lots of
people got 30% or over return for the last year, I have
only about 20%+. Partly because of the bad performance of KBH.

I had bad news and good news today, both from MU. The good news
is it went up about 10%. The bad news is that I already sold
50% last week.

Today is my birthday. And we will celebrate it without cakes(
that's the problem of being getting older). And I am in a new
round of exercising of losing more weight this year. Hopefully
I will be 10 lbs lighter when I celebrate my next Birthday.