Mortgage Blog

Two opinions about the mortgage rates

September 9th, 2010 8:47 AM by Eric Fang

There are two different opinions about the  mortgage rates:
1)The short term rate should go up. The reason is that
the MBS and treasury were over bought. The rate will
go up on any good news.

2)Anoth kind of opinion is that the rate will go down
to the previous low level because the job market is no
good and the housing market is still bad. And the economy
recovery is not as good as expected.

Both of them are right. One is short term rate expection
and another is the long term prediction. For the borrowers,
just try to get a rate that you are comfortable with.

And also, the current lender loan processing time is around 45
days to 60 days. Be patient if your loan is in the pipeline.

Posted in:General
Posted by Eric Fang on September 9th, 2010 8:47 AM



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