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02-19-2008, 02:30 PM #1
Renter
- Join Date
- Feb 2008
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- 4
Closing soon, should I lock in?
I will be closing on Feb. 29th my lender said rates might be going down, so far they jumped the last 5 days. Should I wait and see what happens next week or should I lock in at 6.125% ? Thanks
Last edited by oachs83; 02-19-2008 at 02:34 PM.
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02-20-2008, 05:57 AM #2
Condominium
- Join Date
- Feb 2008
- Location
- Tampa, FL
- Posts
- 234
It's a toss up! I have heard that the rate is going to drop as well. Listen to your broker - it's his job and he probably knows best.
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02-20-2008, 04:38 PM #3
Renter
- Join Date
- Feb 2008
- Posts
- 4
I did take advice from my broker. I was told they would probably go down and then the went up .5%. That's why I am looking elswhere.
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02-21-2008, 05:43 AM #4
Condominium
- Join Date
- Sep 2007
- Location
- Indianapolis
- Posts
- 302
My guess would be they are going to go down, but who knows? Your broker should have a good grasp of the market, but no one really knows. It is a gamble either way.
Mike Taylor
Broker/Owner
Red Door Real Estate
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