Knowing when to lock your rate, or to continue to float, is a personal issue – it's
kind of like having that Sunday afternoon football debate, whether your team should
go for 2 or just take the extra point.
Interest rates change daily, hourly even. It's hard to predict what could
happen. What you decide is partially related to how risk-averse you are and partially
related to how strategic you want to be. We all know the game is on the line and
we're here to assist. Our expert loan advisers and online
mortgage rate tracking tools
will keep you informed so you know the best
time to lock.
Keep in mind, when you decide it's time to lock your interest rate, make sure
your loan is set to close within your lock period. Your purchase contract should
have an estimated closing date on it.