Happy Thanksgiving Week Everyone…
Overall, I believe that we will see more volatility in the markets and mortgage rates the first couple days of the week. The most important day will probably be Wednesday, while the least important will be Friday. As we saw last week, the markets can get pretty active at anytime, so please be careful and maintain contact with your mortgage professional if you have not locked an interest rate yet.
If I were considering financing/refinancing a home, I would….
Lock if my closing was taking place within 7 days…
Float 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…
Massachusetts Lowest Mortgage Rates!
bc@smarterborrowing.com 617.771.5021
