Seeing alot of value add ARMs in the market. more to come

[Stephen Rinaldi]

30yr fixed is showing with most lenders in low 6's, with out paying points. as long as the client has strong credit score 740+. Recently priced a 10/6 ARM at 5.25%, costing .5%. So basically pay .5% to get .75-.875% better on rate. For many buyers thats no brainer.

Its going to be an interesting spring and we are projecting a strong Q2, but in this market options matter.