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2kids2cats
My babies
Member since 6/05 5229 total posts
Name:
f
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Mortgage Rate Question
Hello. We are going to try to lock in a 45 day rate, however if the sellers can't be out by 45 days, I am pretty sure they won't lock us in on the lowest current rate for 60 to 90 days. If not, what are the chances of the rates going up in the next few weeks? Also, do they ever go down for a few days, even if a tiny bit? TIA!
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Posted 7/7/06 3:46 PM  |
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Long Island Weddings
Long Island's Largest Bridal Resource | Prudential Douglas Elliman Real Estate |
MrsSchwags
Soccer Baseball Lax Mom
Member since 10/05 11240 total posts
Name:
Jennifer
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Re: Mortgage Rate Question
You can have your mortgage broker/lawyer talk to their lawyer. Since our rate was going to expire we closed however they lived there for a few more days. I have also heard of people closing and then the previous owner's pay rent or whatever towards living there. That way you are both happy.
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| Posted 7/7/06 5:26 PM |
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2kids2cats
My babies
Member since 6/05 5229 total posts
Name:
f
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Re: Mortgage Rate Question
Oh okay thanks for the advice. How about the interest rates, do they tend to go up and down every few days or do they just keep going up?
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| Posted 7/7/06 5:33 PM |
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charon54
My two boys!
Member since 5/05 7279 total posts
Name:
Rebecca
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Re: Mortgage Rate Question
Your broker should know ahead of time when the rates are going to change. DH is a bank manager and he gets notified at least a day before the rates go up. Usually it coincides with an annoucement from the federal reserve board.
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| Posted 7/7/06 6:37 PM |
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baysidebride
LIF Zygote
Member since 7/06 27 total posts
Name:
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Re: Mortgage Rate Question
Mortgage rates tend to move in the same direction as interest rates. For now the rates are moving up because the interest rates keep going up.....but that can change.
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| Posted 7/8/06 1:16 AM |
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