Mortgage Blog

Which rate is a good rate?

March 9th, 2020 1:40 PM by Eric Fang

The rate you can get is a good rate.

The lenders are "pocketing" most of the profits and do not want to lower the rate at this moment. Because of the volume, because of their capacity to handle all the loans. And we do not know how many loans in the pool.

Last week, we locked a few 10/1 ARM or 7/1 ARM 2.75%. Those rates are gone now. So in the next a few weeks/months, I might focus on the fixed rates.

And still lock the rate gradually once the loan approved.
Posted in:General
Posted by Eric Fang on March 9th, 2020 1:40 PM



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