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.