Zillow Advice RSS: Question-Discussion-Guide,Mortgage Rates,SC http://www.zillow.com/advice/SC/mortgage-mortgage-rates/question-discussion-guide/mortgage/?s=0 Zillow Advice search results | Zillow Real Estate Lock or don't lock? http://www.zillow.com/advice-thread/Lock-or-don%27t-lock/244393/ I'd suggest locking.&nbsp; Here's why....<br/><br/>The <a href="http://www.zillow.com/Mortgage_Rates/">interest rates</a> you see quoted by lenders are based on the yields of Mortgage Backed Securities, or MBS, that are traded in the bond market.&nbsp; These traders are very averse to any news that indicate even a hint of inflation.&nbsp; So pretty much any news that shows the economy is rebounding will make&nbsp; MBS yields and <a href="http://www.zillow.com/Mortgage_Rates/">mortgage rates</a> increase.<br/><br/>The rule of thumb is:<br/>Good economic news = bad for rates<br/>Bad economic news = good for rates<br/><br/>Even bad economic news can be interpreted as 'good' if it is better than expected.&nbsp; So, for rates to get better we need to see figures on areas such as retail sales, industrial production, durable goods orders, CPI, PPI, housing starts, non-farm payrolls, et. al. come in worse than expected.&nbsp; The trend lately has been for better than expected news with pockets of downright good news.<br/><br/>On top of this, the FED has been (and presumably will continue) buying treasury securities at the weekly auctions.&nbsp; This is a 2 sided coin.&nbsp; While creating demand (albeit artificial) pushes the securities price up and yield down in the short term, they are printing money to buy them which is inflationary in the long term.<br/><br/>Oil is also a strong inflationary indicator and the fact that it just settled at over $70/barrel for the first time since November isn't helping.<br/><br/>I hope I am wrong, but I don't think we'll see <a href="http://www.zillow.com/30_Year_Fixed_Mortgage_Rates/">30 year fixed</a> rates in the 4's for quite some time, IMHO.<br \><br \>0 replies Wed, 10 Jun 2009 02:36:00 GMT http://www.zillow.com/advice-thread/Lock-or-don%27t-lock/244393/ 2009-06-10T02:36:00Z 4 1/2 % mortgage rate? http://www.zillow.com/advice-thread/4-1-2-mortgage-rate/197384/ Do you mean like this quote?<br/><br/><a href="http://www.zillow.com/mortgage/LenderQuoteDetail.htm?qid=X1-ZQz0005perftad_1oeg4&amp;qlr=false">http://www.zillow.com/mortgage/LenderQuoteDetail.htm?qid=X1-ZQz0005perftad_1oeg4&amp;qlr=false</a><br \><br \>0 replies Tue, 10 Feb 2009 22:51:00 GMT http://www.zillow.com/advice-thread/4-1-2-mortgage-rate/197384/ 2009-02-10T22:51:00Z I have been told that I am not allowed to lock in rates until 60 days prior to close. Is this true? http://www.zillow.com/advice-thread/I-have-been-told-that-I-am-not-allowed-to-lock-in-rates-until-60-days-prior-to-close-Is-this-true/245142/ Most builders, especially if they have a <a href="http://www.zillow.com/directory/lenders/">mortgage company</a>, have a relationship with several lenders....................I worked for one for several years.<br/><br/>Most builders, not all, will have some type of contingency backup to be able to lock as far as six months.&nbsp; It will cost you more and your rate will be higher, but it is Possible.<br/><br/>Talk to the builder or their sales manager.&nbsp; In most probable cases, you are being handed a line of a'akjf'lasflkjasfas'kljsfasl.<br/><br/>Best of Luck<br \><br \>0 replies Fri, 12 Jun 2009 01:06:00 GMT http://www.zillow.com/advice-thread/I-have-been-told-that-I-am-not-allowed-to-lock-in-rates-until-60-days-prior-to-close-Is-this-true/245142/ 2009-06-12T01:06:00Z How do I find out if my home has a upside down mortgage http://www.zillow.com/advice-thread/How-do-I-find-out-if-my-home-has-a-upside-down-mortgage/514124/ we took a second mortgage out in 2006 at a high interest rate,&nbsp;we cannot seem to get it down, we are in a chapter 13, seniors and we think the home is upside down since we paid $146.000 and are told it is worth less now, even though in 2006 an appraisal was done and it was worth $184.000. our first mortgage is good and at a decent interest rate. what can we do???? thanks.<br \><br \>4 replies Fri, 04 Oct 2013 16:24:00 GMT http://www.zillow.com/advice-thread/How-do-I-find-out-if-my-home-has-a-upside-down-mortgage/514124/ 2013-10-04T16:24:00Z