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Answers (7)
Best Answer
- Joe Cafiero, "Joe Cafiero"
- Contributions:3221
Warren. It doesn't really matter what we think or what the market is doing. Roundpoint is going to tell you what the rate is going to be. I am willing to bet that it will not be anywhere near what you could get on the "street". Part of that is becasue they have had you locked in so they should make a little extra for the effort but most of it is b/c they know you are not going anywhere so they are going to stick it to you. Once you are inside 30 days relock and get it over with. Don't give them the chance to say the market is going in the other direction and not lower the rate for you.
- warren w1
- Contributions:122
Thanks everyone for your input. I will definitely lock next week!
And I just want to say thanks for all of your help throughout this really long process and all of your excellent advice.
And I just want to say thanks for all of your help throughout this really long process and all of your excellent advice.
- Clay Branch, "Georgia Loans"
- Contributions:7838
Lock it like Joe says, as soon as within the 30 day window.
- Rhonda Porter, "rhondaporter"
- Contributions:20
Most lenders should be able to renegotiate your rate lock commitment (assuming your rate is locked from reading the other comments). Contact your loan officer and see what your options are.
- warren w1
- Contributions:122
Thanks Joe! It definitely feels like they have the upper hand!
- warren w1
- Contributions:122
I guess it's lock next week and take what I can get!
- Lance Holtman, "First City Financial"
- Contributions:111
"Pigs get fat and hogs get slaughtered." ~unknown
We're getting close to 30 days to close and have a chance to relock our rate.
THX
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