Thread: When should I lock in the rate on a mortgage ?
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Old 07-29-2011, 02:26 PM  
kbauerctu
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Join Date: Sep 2007
Location: Bay Area, California
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Quote:
Originally Posted by Due View Post
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 ?

It's still cheap money and soon it wont be. . Act now! would be my advice.
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