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Monthly Archives: March 2011

How To Lock In A Rate You Can Live With

Of course you (and everyone) want to take out a mortgage exactly when rates are at the absolute bottom.

The problem is, market volatility (and rate swings can be major) makes timing the market extremely difficult. While a low rate MAY go even lower if you wait, it may go higher and stay higher.

Our advice: If you've found the perfect home and are comfortable with the current rate and mortgage payment, lock in that rate now rather than wait closer to the closing.