Always lock. Short term risk is always to the upside. Often if the rate goes

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Jul 25, 2014
3:11:15pm

monteburns

Always lock. Short term risk is always to the upside. Often if the rate goes

down in the process, you have a float down option. But if you're not locked and rates go up, you are hosed.

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monteburns

Bio page: monteburns
Joined: Sep 16, 2004
Last login: Apr 25, 2024
Total posts: 10,935 (361 FO)

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Messages

Author

Time

I'm working on buying a new house, and was told I can lock my mortgage rate

SuperTank

7/25/14 2:59pm

That's a good rate

pink22

7/25/14 3:00pm

Check bankrate.com for lowest rates

7/25/14 3:02pm

I'm in a similar spot

webster242

7/25/14 3:03pm

For no points that seems to be about right.

BertoChavez

7/25/14 3:03pm

Rates won't be going down.

PhilPete

7/25/14 3:05pm

is that 4.25% rate or 4.25% APR? there's a difference.

Cougarclaw

7/25/14 3:08pm

4.25% would be the rate...not the APR.

7/25/14 3:30pm

Always lock. Short term risk is always to the upside. Often if the rate goes

monteburns

7/25/14 3:11pm

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