I’m pleased to welcome Mortgage Banker Brian Cav, the creator of a mortgage blog called Smarterborrowing.com From this point on Brian will be giving us his weekly mortgage market update which I’m sure you’ll find interesting.
Way too much to lose than to gain right now with Mortgage Interest Rates! I still like LOCKing in your Mortgage Rate very soon, especially if you are closing in the next 30 days. I just think there is so much volatility within the Mortgage markets right now… over the past two weeks I have seen mid day price changes almost every day, thats unheard of. Mortgage Rates started off the week doing the same thing it did last week… recovering. Hopefully you gained some back on the rally late last week and earlier this week and LOCKed your rate in.
Inquire within for current Mortgage Interest Rates. bc@SmarterBorrowing.com 617.771.5021
FLOAT or LOCK
If I was closing on a Home Mortgage in the next 0 to 15 Days – LOCK
If I was closing on a Home Mortgage in the next 15 to 30 Days – LOCK
If I was closing on a Home Mortgage in the next 30 to 60 Days – LOCK/FLOAT – Tough Call
If I was closing on a Home Mortgage in the next 60+ FLOAT
This is only my opinion of what I would do if I were financing a home. It is only an opinion and cannot be guaranteed to be in the best interest of all/any other borrowers.