Interest Rate Lock - The Future Of Mortgage Rates

by Chris from Greensburg, Pennsylvania USA

Ask Kate about Interest Rate Lock: Kate, Where do you think mortgage rates are going?


**Super Kate Tip: Know your credit score!
Free Credit Score - See yours at CreditReport.com!**

Should I lock in my FHA loan at 5.75 percent? My wife and I had figured on a lesser rate but do not want to get stuck with a mortgage rate even higher than that. What do you think interest rates will do? What is the lowest FHA rate you know of?

Kate Answers: Interest Rate Lock - The Future Of Mortgage Rates

Dear Chris,

All home buyers across the nation have wondered at one time or another about the direction of mortgage rates and how to know when to lock a rate.

  • How do I time my mortgage rate lock?
  • Is there a fee to lock in my rate?
  • Can I break my lock if rates trend downward?
  • What happens if my interest rate lock expires?
  • Who is responsible to pay for a lock extension?
  • Why can't I get my rate lock in writing?

THE MISSION - Create 100 Millionaires by 2012

Successful Money Management

We formed our community of ordinary people, with a passion for creating a legacy, fulfilling dreams, and reaching goals.

Now we leverage the internet... Super Kate invites you to Come See!

As I've mentioned before, there's nothing that leaves homeowners feeling more vulnerable than locking in mortgage rates. So I'm never surprised when I'm asked to predict the direction of rates.

In fact I receive this inquiry so often, I have a prepared statement. A guarantee of sorts. After more than 20 years of originating mortgages, I'm still excited to tell you my advice is unchanged.

Interest rates will either - drum roll please - go up, go down or remain unchanged.

Please don't be fooled into thinking I am making light of such a serious subject. Instead I am stressing the fact that no one knows exactly what rates are going to do tomorrow. So go to Kate's Mortgage Rate Lock Guarantee to see why I also say:

If in doubt, lock in your mortgage rate!

You will also want to follow the links at the side of this page leading to surprising facts regarding rate locks. In addition, by visiting Mortgage Rate Lock Q and A, you'll discover solutions based on inquiries from other homeowners.

Best Wishes,

Ask Kate
Kate Ford


P.S. Go to my Best Mortgage Rate Blog, an entertaining source of mortgage information. Subscribe now to the RSS feed.


**Super Kate Tip: Why settle for less than perfect credit?
Consult the Experts to Clean Up Your Credit Report.**

Return from Interest Rate Lock - The Future Of Mortgage Rates to Get-Your-Best-Mortgage-Rate

Help Spread The Word

Please come back and visit often. I depend on word of mouth! So please help me spread the word by sharing Interest Rate Lock - The Future Of Mortgage Rates with your friends using these easy social bookmarking buttons.



The information you obtain at this site is not, nor is it intended to be, a substitute for financial, real estate or legal advice. You should consult an attorney, accountant, lender or real estate agent, as applicable, for advice regarding your individual situation. Comments and opinions found here are not necessarily those of Get-Your-Best-Mortgage-Rate.com

Do-It-Yourself Loan Modification

$1000 or $39.99 - Which is right for YOU?

Not sure? Answer these 5 questions to find out.

Helping Innovators Like YOU

Write your own paycheck using the Power of the Internet... and a Fresh New Approach.

GET RICH QUICK and LOTTERY MENTALITY people need not apply.

Subscribe to Kate's
FOCUS ON FINANCE

Free News!
Free Stories!
Free Reviews!

Your First Name

Your Email Address

I keep this private.

How I Make Money

I finally came to grips with closing my mortgage company.

But I still wanted and needed to make money!

This is my story.

Finding The Help You Need For Locking Rates

My Interest Rate Lock Guarantee - Help for timing your rate lock.

The best solution to avoiding hidden fees is to ask the right questions before you lock mortgage rates.

All about getting mortgage broker fees in writing - Otherwise your rate lock is meaningless!

How good is a mortgage interest rate lock guarantee? In the end, you have to read your lender's paperwork.

Because Yield Spread Premium is a common reason for losing your rate lock, here is the insider scoop on this odd sounding term.

Questions to Ask BEFORE You Lock

Ask Kate about locking - Ask a question and get an answer from Kate.

Search Readers' questions and Kate's answers at Mortgage Rate Lock Center









Interest Rate Lock - Hi Kate, Should I lock in my FHA loan at 5.75 percent? What direction are rates headed? You can ask Kate too!