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Need some help on deciding whether to lock or float your mortgage rate? Let me see if I can help. Each week, I participate in Bankrate.com’s Mortgage Rate survey and this week’s results may help you make a money-saving decision. The Predictions Here’s what the group is saying: 31% predict mortgage rates will increase 16% [...] Can’t decide whether to lock or float your mortgage rate? Let me help. Each week, I participate in Bankrate.com’s Mortgage Rate survey and this week’s results may help you make a money-saving decision. Conventional and Conforming Mortgage Rates Only The Bankrate.com survey is for conventional, conforming mortgages only. It does not apply to FHA [...] Scratching your head on where rates are headed? Let me help. Every week, I participate in Bankrate.com’s Mortgage Rate survey and this week’s results may help you time a rate lock and save some money. Conventional and Conforming Mortgage Rates Only The Bankrate.com survey is for conventional, conforming mortgages only. It does not apply to [...] If you’re floating or shopping a loan right now, be wary of market volatility. Rates have been jumpy since April 1 and mortgage rates are changing quickly. This week, locking in before Wednesday may be your safest, near-term rate locking strategy. [...] Mortgage markets performed terribly last week as losses piled up day by day. It marked the second straight week of sell-offs. [...] Last week mortgage markets closed unchanged (meaning no increase or decrease in rates), but that’s not to say mortgage rates were calm. Monday through Wednesday, rates improved steadily before a swift, late-week sell-off flushed all the gains down the toilet. Mortgage rates have been very low for a very long time, against the expectations [...] |
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