Mortgage Blog

Why I don't worry about too much about the rates
February 9th, 2011 12:32 PM

1)The rate is still low, compared to the rates
a few years back. Even though some clients did
not get the lowest rates, the rate they have
still not bad.

2)ARM rate is still at history low. For those
simple loans(with impound), I can still get
2.875% - 3% for my clients. Not bad, right?
This rate is only good for those who does not
have rental properties.

3)The rate is up and down. Though the trading range
is higher now, it's within that range. Though the
current inflation(outside of us) suggests higher
interest rates; the us economy can not support
that. Much higher interest rate will hurt
recovery. So it will go down. The only thing is
that it will not go low lower.

4)Higher rates is good for purchases. The buyers
can get better deals, and they can refi later

Posted in:General
Posted by Eric Fang on February 9th, 2011 12:32 PMPost a Comment

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