http://www.zillow.com/advice-thread/Is-the-rate-going-to-be-falling-further-in-the-next-couple-of-weeks/207266/ Zillow Advice | Zillow Real Estate http://www.zillow.com/advice-thread/Is-the-rate-going-to-be-falling-further-in-the-next-couple-of-weeks/207266/ Rates are not going to fall much further. Anyone waiting for the magic 4% rate is going to wait a long, long, time. <br/><br/>The Fed is buying 500b ( yes billion ) of Fannie and Freddie securities at 5%....not 4.75%, or 4.5%......so that is where we will be for the next several months, trading in a narrow range around 5%. <br/><br/>Any opportunity to get a <a href="http://www.zillow.com/30_Year_Fixed_Mortgage_Rates/">30 year fixed</a> rate <a href="http://www.zillow.com/mortgage/">loan</a> under 5% with reasonable costs is making a good decision right now. <br/><br/>20 years ago....10 years ago....even 5 years ago... who would have ever thought we could see <a href="http://www.zillow.com/Mortgage_Rates/">mortgage rates</a> at 5% ?<br/> Wed, 11 Mar 2009 01:54:00 GMT http://www.zillow.com/advice-thread/Is-the-rate-going-to-be-falling-further-in-the-next-couple-of-weeks/207266/ 2009-03-11T01:54:00Z http://www.zillow.com/advice-thread/Is-the-rate-going-to-be-falling-further-in-the-next-couple-of-weeks/207266/ i see now you locked. good choise and good rate.&nbsp; enjoy. Tue, 10 Mar 2009 20:13:00 GMT http://www.zillow.com/advice-thread/Is-the-rate-going-to-be-falling-further-in-the-next-couple-of-weeks/207266/ 2009-03-10T20:13:00Z http://www.zillow.com/advice-thread/Is-the-rate-going-to-be-falling-further-in-the-next-couple-of-weeks/207266/ NO rates arent going down unless US Tbills rally big time.&nbsp; THis is unlikely...unless there some REALLY bad news to hit the market.. unless hes personally in the know on some billions that are about to buy the 10 year Treasury in massive bulk.. LOCK YOU RATE now.. there great and .1 or .2% makes no real difference on the payment.&nbsp; Peace of mind is worth much more than some Vegas gamble.<br/><br/>If you were working with me (or another broker that does this)&nbsp; I would have locked you in at 30 days with one lender.. then float the rate with 2 other lenders.. at about 2 weeks to close if rates are better id switch you to another <a href="http://www.zillow.com/directory/lenders/">lender</a> and give the better rate.&nbsp; This a premium service some brokers provide to thier best customers.&nbsp; Note though if a broker does this to much he will loose some of his lenders.. so he has to be careful with his "pull through" with each lender to maintain his broker agreements. Tue, 10 Mar 2009 20:12:00 GMT http://www.zillow.com/advice-thread/Is-the-rate-going-to-be-falling-further-in-the-next-couple-of-weeks/207266/ 2009-03-10T20:12:00Z http://www.zillow.com/advice-thread/Is-the-rate-going-to-be-falling-further-in-the-next-couple-of-weeks/207266/ 4.75 with one point locked is great. Relax, you did good. It's a waste of time even thinking about it. Tue, 10 Mar 2009 14:19:00 GMT http://www.zillow.com/advice-thread/Is-the-rate-going-to-be-falling-further-in-the-next-couple-of-weeks/207266/ 2009-03-10T14:19:00Z http://www.zillow.com/advice-thread/Is-the-rate-going-to-be-falling-further-in-the-next-couple-of-weeks/207266/ If you are happy with the rate..I agree with George. Tue, 10 Mar 2009 11:58:00 GMT http://www.zillow.com/advice-thread/Is-the-rate-going-to-be-falling-further-in-the-next-couple-of-weeks/207266/ 2009-03-10T11:58:00Z http://www.zillow.com/advice-thread/Is-the-rate-going-to-be-falling-further-in-the-next-couple-of-weeks/207266/ <p>You made a great decision.</p> Tue, 10 Mar 2009 10:49:00 GMT http://www.zillow.com/advice-thread/Is-the-rate-going-to-be-falling-further-in-the-next-couple-of-weeks/207266/ 2009-03-10T10:49:00Z http://www.zillow.com/advice-thread/Is-the-rate-going-to-be-falling-further-in-the-next-couple-of-weeks/207266/ I got 4.75 with 1 point, locked it and hoping I made a good decision. Tue, 10 Mar 2009 07:48:00 GMT http://www.zillow.com/advice-thread/Is-the-rate-going-to-be-falling-further-in-the-next-couple-of-weeks/207266/ 2009-03-10T07:48:00Z http://www.zillow.com/advice-thread/Is-the-rate-going-to-be-falling-further-in-the-next-couple-of-weeks/207266/ It's all about Risk vs. Reward...<br/><br/>Someone is guessing.&nbsp; And ultimately, you end up paying for it.<br/><br/>If you can lock a good rate today, lock it in.&nbsp; Be happy that you got a good rate.&nbsp; You'll be able to think about other, perhaps more important things, than worrying about what rates may or may not&nbsp;be doing over the next two or three weeks.<br/><br/>If rates go up, and you float, over the next couple of weeks, you will still be able to get that good rate, it will just cost you a little more to get it.<br/><br/>If you lock and rates go down a little, then that same rate will be a little cheaper.<br/><br/>Bottom line:&nbsp; It's a personal choice.&nbsp; If you think you will lose sleep at night by floating, lock your rate.&nbsp; Your <a href="http://www.zillow.com/directory/lenders/">lender</a> does not have a crystal ball.<br/><br/>Good luck! Fri, 06 Mar 2009 15:20:00 GMT http://www.zillow.com/advice-thread/Is-the-rate-going-to-be-falling-further-in-the-next-couple-of-weeks/207266/ 2009-03-06T15:20:00Z http://www.zillow.com/advice-thread/Is-the-rate-going-to-be-falling-further-in-the-next-couple-of-weeks/207266/ It all depends what rate are you locked in?<br/>No one knows what can happen. Don't take risks in today's market. Fri, 06 Mar 2009 15:13:00 GMT http://www.zillow.com/advice-thread/Is-the-rate-going-to-be-falling-further-in-the-next-couple-of-weeks/207266/ 2009-03-06T15:13:00Z http://www.zillow.com/advice-thread/Is-the-rate-going-to-be-falling-further-in-the-next-couple-of-weeks/207266/ Your lrnder is going out on&nbsp; a limb few would go out on.&nbsp; It could happen but I would not be advising anyone to wait for it Fri, 06 Mar 2009 12:57:00 GMT http://www.zillow.com/advice-thread/Is-the-rate-going-to-be-falling-further-in-the-next-couple-of-weeks/207266/ 2009-03-06T12:57:00Z