Kate's Mortgage Rate Lock Guarantee

My mortgage rate lock guarantee is an insider's view on locking mortgage rates. Are you unsure about when to lock? You are not alone.

Ask Kate

Interest rates are not predictable and I should know!

Hi, my name is Kate and I am a retired mortgage broker. For over 20 years, I personally helped thousands of people obtain mortgage financing.

So it's understandable that I developed a few sayings over the years!

in fact, when it comes to locking rates, my favorite is...

"When in doubt, lock!" --Kate Ford

Lowest Current Mortgage Interest Rates

Clients often asked me... Will mortgage interest rates go up or down tomorrow? When is the best time for a mortgage rate lock? How do I get the lowest current mortgage interest rates?

Tip: Check here for current mortgage rates because there is no need to hunt through confusing websites.

For over 20 years, I had one answer to these questions. I called it Kate's Mortgage Rate Lock Guarantee. Today, I continue the same advice.

Kate's Interest Rate Lock Guarantee

Mortgage interest rates are guaranteed to...

• Go up
• Go down, or
• Stay the same

It's my opinion that it is better to lock sooner rather than later. I saw more borrowers lose than win holding out for what they thought would be lowest current mortgage interest rates. Statistics bare out the truth that gamblers lose far more than they win.

So my advice is don't be a gambler. This common sense approach can be summed up in this old saying.

"A bird in the hand is worth two in the bush."

In other words an interest rate that you know is most likely better than the interest rate you are holding out for.

Locking in your rate is the key to low mortgage payments. Make sure you get answers to these important questions about your mortgage rate lock.

After all, it's your home and your mortgage. You deserve the best!

Nitty Gritty Mortgage Rate Lock Agreements

Now it's time to discover what fingernails have to do with locking in your interest rate.

First, the question Robert asks and then my answer at Nitty Gritty Mortgage Interest Rate Lock Agreements.

Readers' Questions And Opinions On Locking In Rates

Timing Mortgage Interest Rate Lock - I ask because I am set to close in about two weeks on a new home.

Mortgage Rates And Refinancing - My fault for not asking enough questions, I foolishly locked in.

Refinancing Advice For Ethics - Why would the Golden Rule help with your rate lock decision?

Refinancing And Rate Lock - This Reader would break the rate lock because...

How To Lock A Mortgage Rate - Is a purchase and sale contract in order lock a rate?

Break A Lock - Ethical or Unethical - I would not break my lock because good relationships are scarce.

Lowest Mortgage Rate - If it's legal I'd switch after locking my interest rate.

Switch Mortgage Lender or Not - I would not feel right switching lenders after locking my rate.

Refinancing Advice Needed - Homeowner seeks solution to getting a lower mortgage rate.

Level Headed Homeowner - Home buyers and lenders work together to achieve a win-win result.

What Did You Sign? - Read your mortgage rate lock agreement to understand your rights and obligations.

Upfront Rate Lock Talk - Talk with the broker at time of application about lock policy.

Breaking Mortgage Locks - Normally rates don't change much but these are extraordinary times.

Assistance A Click Away

Haven't found what you're looking for? Here's the solution! Go ahead and Ask Kate for answers.

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