Mortgage Blog

There is a Berlin wall between 4.875% and 5%(30 Yr fixed)

August 26th, 2009 10:34 AM by Eric Fang

There are so many inquiries about when we will see the 4.875%(no cost 30 yr fixed) rates again. Though we have the rate 5% with impound or CLTV <=60%, we are still far away from the rate 4.875%.

The above rate of 5% was tested a few times recently. And we need to break this "Berlin Wall" to get lower rate first and if gets confirmed, we will be in a lower rate range.

Hopefully these days are not futher away. I still belive we will have it in October. The earlier the better.

Posted in:General
Posted by Eric Fang on August 26th, 2009 10:34 AM

I just want to add one more. The recent Bond Auction Interest suggested a lower rate trend. The interests for the recent Bonds auctions are much better than expected. Eric
Posted by Eric Fang on August 26th, 2009 10:42 AM



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