Should I lock in my interest rates when I am under contract on a new home
As you can see every day the market is insane without reason. We Have just dropped big time with rates over the last month. When you are buying it is a snapshot in time with rates. You are closing in 30 to 45 days, anything can happen in that time frame If you are comfortable with the mortgage payment then it is good to lock in. You are looking for the opportunity when the Gov't pivots and rates drop down to really save money not by a.25 of a percent but 2 to 3% lower which is huge. Don't get priced out and have rates jump up in your 30 to 45-day close, be safe and take the time to shop your…
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