Mortgage Blog

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 lock
the 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 definetely
go higher. Since the cost of goods, material go up
in the other countries(China, etc), the inflation
will be here eventually, and the rate will go up,
but maybe a few years later.