Timing Mortgage Rate Lock

by Home Buyer in USA

Ask Kate: Timing Mortgage Rate Lock
I am asking about the timing of a mortgage rate lock because I am set to close in about two weeks on a new home. I was wondering if you think the new bill in question for homeowners on the brink of foreclosures will help or hinder mortgage interest rates?



Meaning, should I go ahead and lock in now, or wait until it is closer to my closing date to see if mortgage rates will fall further.

Timing Mortgage Rate Lock


Hi Home Buyer, For those who know me, you know what I am going to say. For over 20 years, I gave one answer for timing a mortgage rate lock. I called it Kate's Mortgage Rate Lock Guarantee. Today, I continue the same advice. You can find my answer to mortgage rate lock here.

Then scroll down the page to "Readers' Opinions On Mortgage Rate Lock" to find opinion after opinion and experience after experience from other Readers like you.

Here is a sample: Mortgage Rates And Refinancing - My fault for not asking enough questions. The subject sparks emotion as you'll see.

I wish you the best and hope you'll come back to my website again in the future. Of course, all of my information is free. You can also invite friends to comment on this page or create a page of their own like you did.

Best Wishes,





Kate Ford
Your Online Mortgage Advice Friend

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

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