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Ian&EmmesMommy23
My family is complete!
Member since 11/08 12970 total posts
Name:
Diana
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to lock or not to lock?
I'm in contract, in the underwritting stage of the loan and was told the rate is 4.35% today. should i lock or wait? i noticed it's been going up lately.
ETA...just found out I got approved for the mortgage!
Message edited 11/13/2013 3:22:12 PM.
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Posted 11/13/13 12:43 PM  |
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Prudential Douglas Elliman Real Estate
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chilltocam
LIF Adult
Member since 11/11 9141 total posts
Name:
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to lock or not to lock?
What's your "on or about date" to close? And how long would the lock in be good for?
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| Posted 11/13/13 3:18 PM |
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Ian&EmmesMommy23
My family is complete!
Member since 11/08 12970 total posts
Name:
Diana
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Re: to lock or not to lock?
Posted by chilltocam
What's your "on or about date" to close? And how long would the lock in be good for?
on or about is 12/1 but we have a 60 day lock. i was about to tell him to lock in but he told me the market is working in my favor right now and to hang on. so now im waiting i guess.
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| Posted 11/13/13 3:19 PM |
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: to lock or not to lock?
I'd probably wait. I don't really see rates moving in either direction anytime soon. Could be wrong of course.
Last week they were at 4.125%.
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| Posted 11/13/13 3:21 PM |
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KGness
LIF Zygote
Member since 11/13 28 total posts
Name:
Kris
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to lock or not to lock?
Working in your favor? Everything I've been reading on interest rates seems to tell me to lock now before they go up again. I wonder what info he has that makes him think it will drop again.
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| Posted 11/13/13 7:17 PM |
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Ian&EmmesMommy23
My family is complete!
Member since 11/08 12970 total posts
Name:
Diana
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Re: to lock or not to lock?
Posted by KGness
Working in your favor? Everything I've been reading on interest rates seems to tell me to lock now before they go up again. I wonder what info he has that makes him think it will drop again.
Actually he told me a little while ago the market is going flat so I should lock.
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| Posted 11/13/13 7:52 PM |
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KGness
LIF Zygote
Member since 11/13 28 total posts
Name:
Kris
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to lock or not to lock?
aahhh ok seems to be more in line with what i've been reading. Thanks!
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| Posted 11/13/13 9:21 PM |
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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to lock or not to lock?
Most experts say float right now. Could change though.
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| Posted 11/14/13 7:49 AM |
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