GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Is now the time to lock in your mortgage?

06-28-2009, 07:32 AM

Was talking to a banker the other night and he says mortgage interest rates are going to start going up.

Anyone thinking of locking in their mortgage at current rates? I am paying 5.5% right now so if I lock in now and have the penalty blended in I will still end up with a lower interest rate than what I am currently paying.

Or do you think rates will remain stable enough that a person can afford to wait 6 months if it would mean not paying any penalty?

06-28-2009, 07:32 AM
evildick Guest Posts: n/a	Is now the time to lock in your mortgage? Was talking to a banker the other night and he says mortgage interest rates are going to start going up. Anyone thinking of locking in their mortgage at current rates? I am paying 5.5% right now so if I lock in now and have the penalty blended in I will still end up with a lower interest rate than what I am currently paying. Or do you think rates will remain stable enough that a person can afford to wait 6 months if it would mean not paying any penalty?