Should I lock My Rate Today?

Real Estate Agent with Keller Williams Group One, Inc.

This question was just asked today of us from a buyer. Do I lock now or should I wait? Will rates go down next week? WOW the million dollar question. Of course I'm not the sharpest tool in the shed, I am just a Realtor. I guess it all depends if you are a gambler Mr. buyer? Do you want to throw the dice until 2 days before closing or do you lock 30 or so days out? My answer to him- Given the uncertainty of the economy, housing, unemployment, and a million other factors- LOCK NOW !! We only know what today will bring ! 

Comments (2)

Sara Woolford & Steve Golson, ALHS
iTexas Realty Co. - San Antonio, TX

Hi Mike and Belinda-

I we didn't own our house, we'd LOCK NOW!  I hope that your buyers take your advice under consideration.  These rates are just so low!


Mar 11, 2010 10:40 AM
Eric J
Eric J - Dream Home Financing - Freehold, NJ
Dream Home Financing

I agree, you lock. Rates MAY go down slightly, but the odds are that they will go up. Lock and dont look back.

Mar 11, 2010 10:59 AM