Mortgage Blog

The rate is getting better today

December 20th, 2010 7:22 AM by Eric Fang

The rate is going better today. It's the 3rd down day
from Thursday. I think the new trend started and confirmed.

1)Will the rate goes up and down? Yes. We will see some
up and more down days. Don't panic when the rate is up.

2)Will the rate goes down after Jan? Yes. I know
some traders tried to fight with the Fed. But it is not
that easy. The recent crazy jump of the interest rate
is related to the Build America Bond program as well
as the year-end window dressing, etc.

3)The rate may go up after Summer. So we will have to decide
the loan program and rate expection now. The key is that
you will have to set a comfortable rate target first.
And wait patiently for the rate you like.

Good luck and Happy Holidays.

Posted in:General
Posted by Eric Fang on December 20th, 2010 7:22 AM



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