Mortgage Blog

Weekly Review(Feb 26)

February 26th, 2010 11:27 PM by Eric Fang

1)Rate Stays Low. Take advantage of this low rate. Recommended to Lock Rates.

2)Respa 2010 ran smoothly right after now. Business goes as usually.

3)Still some property has value problem. Don't expect the value goes up too much.

4)If you want to have 2nd loan and to be paidoff at closing, lender required to be paidoff ahead of time.

5)ARM rate will be expected to stay low. Though the overall market rate is low, will be expected to go a little bit higher next week.

Posted in:General
Posted by Eric Fang on February 26th, 2010 11:27 PM



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