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Old 07-29-2011, 01:38 PM  
Due
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Join Date: Mar 2001
Location: Murrieta, CA
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When should I lock in the rate on a mortgage ?

I'm building a new house and wondering when it's a good time to lock the rate on the mortgage. If US defaults on tuesday I'm sure it's going to cause a big increase on the interest rate. If not I guess it's business as usual ? We're not closing escrow till October

Any suggestions ?
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