Inquire within for current Mortgage Rates or questions with Guidelines
Overall, it is difficult to label one particular day as the most important of the week with no key economic data or other events scheduled. A good part of the week will likely be heavily influenced by the stock markets. If the major stock indexes rally, bonds will likely suffer and mortgage rates will move higher. If stocks fall, we could see mortgage rates move lower the next few days. There is nothing on the agenda that is of much concern, but keep an eye on the markets and maintain contact with your mortgage professional if still floating an interest rate as conditions can change at any time.
If I were considering financing/refinancing a home, I would….
Lock if my closing was taking place within 7 days…
Lock if my closing was taking place between 8 and 20 days…
FLOAT if my closing was taking place between 21 and 60 days…
Float if my closing was taking place over 60 days from now…
Click for Massachusett’s Lowest Mortgage Rates
bc@smarterborrowing.com 617.771.5021
