Mortgage Blog

The bottle is still half empty

January 5th, 2010 9:11 AM by Eric Fang

The rate is slightly better than yesterday. And we can feel the reversal of the interest rate.

The madia was trying to have "better than expected" news for the past months. The only thing we can say is that the economy can not be worse(It was bottomed out). But it is still far away from "Better than expected" unless our expectation is so low.

The main problem for the current market is that the job market is still sluggish and the prime borrowers will be on deliquency as well. The commercial real estate is not good this year also.

Anyway, after the new year of 2010, the bond traders thought that the ecomony may not be that good. So we should see better rates in the coming weeks.

Be patient, but not greedy. We may not see the lowest rates again even though it will go lower.

Thanks for reading. Have a nice day. 

Posted in:General
Posted by Eric Fang on January 5th, 2010 9:11 AM



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