Mortgage Blog

It took only about 2 months for the 5/1 ARM and 7/1 ARM rate goes up about 0.5%. I have some borrowers asking me whether the rate will go down in the near future, the answer might be "No".

We used to try to prove how smart we are, and how good we are. But normally we can only predict short term, very hard for the long term. Sometimes, I would have to laugh when I saw someone predicted the stock market for the 2nd day, or how the dow or nasdaq will go in a week. First, it is useless. 2nd, if we can predict, it will be easy for us to be rich quickly.

Went to Santa Monica over the weekend. Ran 12 miles on the beach trail and had a great time. Maybe I still need to set up a goal for my marathon?