Should we lock a mortgage rate today?

Posted on Oct 6, 2012 in Unique Loan Programs

Question by swank1269: Ive heard of a federal program which will give 50% of your home loan if you are a public servant. Anyone know?

Best answer:

Answer by mmuscs
Having worked for the federal government for 20 years…. my answer is… no. If it was out there I would have found it.

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Question by Jamie Z: Should we lock a mortgage rate today?
We close in 27 days – we can lock a rate of 5.375 today which is down 3/8ths from last week. Should we lock in today or wait a week??

Best answer:

Answer by blue01cobra
I think rates will still be going down over the next couple months, illness but in a week… I mean, visit this site you might save like 0.1 percent or something, if any.

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4avg.rating 13 votes.

2 Comments

  1. No; it’s probably a good idea to lock. The market is favorable for you today. Follow this advice. New rates are issued at about 11am est. Wait until Wed. after 11am est and THEN LOCK. That rate is great..don’t get greedy.

  2. I would lock tomorrow. Just heard that rates hit 5.25% on a 30 year fixed. let’s see if this sticks.