Live Rate Quotes
Real Estate Chart of the Day
Mortgage rates and markets change constantly. Stay 100% current by taking The Mortgage Reports by email each day. Click here to get free email alerts, or subscribe to the RSS feed in your browser.
Try to time the market, and you'll lose every time.
Early in my career, I used to let my clients mess around to grab an extra 0.125% in savings when they wanted. More often than not, they lost 0.125%. Sometimes more.
We don't mess around these days.
When choosing to lock a mortgage, ignore rate and look at the proposed payment. Get comfortable with it. If you're not comfortable with it, change your mortgage product or borrow less money.
Don't worry about rate -- worry about how the proposed payment fits into your larger financial plan.
Rate is important, too, of course, but it's also the one factor of your mortgage payment that is 100% out of your control. You can't predict where rates will be tomorrow because the market is uncertain.
Therefore, focus on payment instead. Product and loan size are within your control.
Dan Green (NMLS #227607) is an active loan officer with Waterstone Mortgage. Email Dan ator call 513-443-2020.
Bonus: Click to get a free, no-obligation rate quote. I love to work with my readers!
Since you have reached the end of this post, you may be interested in checking out the related posts below.
