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Should I lock my rate now?

I am builidng a new home and I want to know if I should lock my mortage rate now or wait to see if rates reverse their current upward trend?
  • August 21 2012 - Staten Island
  • 0Yes

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Answers (1)

Ask your lender how long she/he can get you a lock of your rate.  A 60-day lock won't help you much on a loan that won't close for several months.

I hope this helps.  

Ernie Curtis
  • August 22 2012
  • 0Yes

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