Are you currently in the process of buying a home or refinancing in Chicago or vicinity? Trying to decide when to lock can be a stressful and difficult decision. In my job as a mortgage lender, I watch the markets daily to keep my clients abreast of changes to assist them in securing the best mortgage rate possible. Please see my recommendations below.
Short-term - FLOAT
Long-term - FLOAT
Click here if you want to know the rates for your individual situation or have a lending need
Are you currently in the process of buying a home or refinancing in Chicago or vicinity? Trying to decide when to lock can be a stressful and difficult decision. In my job as a mortgage lender, I watch the markets daily to keep my clients abreast of changes to assist them in securing the best mortgage rate possible. Please see my recommendations below.
Short-term - FLOAT as employment numbers were disappointing, which has opened the opportunity to secure a better rate.
Long-term - FLOAT but markets could begin to shift and you should be ready if they do. I would keep vigilant over the next few days.
Click here if you want to know the rates for your individual situation or have a lending need
Please note that pricing was trending down at the time of writing this post.
Are you currently in the process of buying a home or refinancing in Chicago or vicinity? Trying to decide when to lock can be a stressful and difficult decision. In my job as a mortgage lender, I watch the markets daily to keep my clients abreast of changes to assist them in securing the best mortgage rate possible. Please see my recommendations below.
Short-term - LOCK If closing in more than 15 days, however, I still recommend FLOATING, but the odds are against securing a lower rate in this period, much will depend on employment numbers released later in the week.
Long-term - FLOAT but markets could begin to shift and you should be ready if they do. I would keep vigilant over the next few days.
Click here if you want to know the rates for your individual situation or have a lending need
Please note that pricing was trending down at the time of writing this post.
Are you currently in the process of buying a home or refinancing in Chicago or vicinity? Trying to decide when to lock can be a stressful and difficult decision. In my job as a mortgage lender, I watch the markets daily to keep my clients abreast of changes to assist them in securing the best mortgage rate possible. Please see my recommendations below.
Short-term - LOCK If closing in more than 15 days, however, I still recommend FLOATING, but the odds are against securing a lower rate in this period.
Long-term - FLOAT but markets could begin to shift and you should be ready if they do. I would keep vigilant over the next few days.
Click here if you want to know the rates for your individual situation or have a lending need
Please note that pricing was trending up at the time of writing this post.
Are you currently in the process of buying a home or refinancing in Chicago or vicinity? Trying to decide when to lock can be a stressful and difficult decision. In my job as a mortgage lender, I watch the markets daily to keep my clients abreast of changes to assist them in securing the best mortgage rate possible. Please see my recommendations below.
Short-term - LOCK If closing in more than 15 days, however, I still recommend FLOATING, but the odds are against securing a lower rate in this period.
Long-term - FLOAT but markets could begin to shift and you should be ready if they do. I would keep vigilant over the next few days.
Click here if you want to know the rates for your individual situation or have a lending need
Are you currently in the process of buying a home or refinancing in Chicago or vicinity? Trying to decide when to lock can be a stressful and difficult decision. In my job as a mortgage lender, I watch the markets daily to keep my clients abreast of changes to assist them in securing the best mortgage rate possible. Please see my recommendations below.
Short-term - LOCK as equities markets are responding very favorably to economic news out of Europe. If closing in more than 15 days, however, I still recommend FLOATING, but the market is losing momentum and there is increasing risk of rates increasing.
Long-term - FLOAT but markets could begin to shift and you should be ready if they do. I would keep vigilant over the next few days.
Click here if you would like to know more or want to talk about your individual needs
