June 30th, 2011 10:36 AM by Eric Fang
I am glad to that I made a few right calls for the rates.
1)On June 28th,I Recommended to lock rates.
2)On June 24th, I Wrote : "Why ARM rates not going lower".
3)On May 4th, I wrote: "ARM Will hit bottom.Fixed lower".
4)And On Dec 22nd, when the rate was very high and a few people was concerned about the rates,I wrote "30 Yr fixed rate should go back to 4.5%"level. And we did have lots of clients got 4.375%for the past a few weeks.
What should we do now? For me, I still think the rate is still in the range and we lockthe rate when it is close to the bottom.Don't be too greedy, othwerwise we will miss the boat.
I will watch any news related to inflation.If inflation is confirmed, the rate will definetelygo higher. Since the cost of goods, material go upin the other countries(China, etc), the inflationwill be here eventually, and the rate will go up,but maybe a few years later.