Wednesday, February 2, 2011

Predicting the Bottom for Mortgage Interest Rates

There is a famous attitude among professional investors.  It is impossible to buy at the very bottom or sell at the very top.  Those who base their investment strategy on such a goal are pretty well doomed to miss opportunities that present themselves near bottoms and tops.  
This would certainly be the case in point with regard to buying a home or refinancing and existing mortgage in the current market.  Locking in your loan at the very bottom is not likely, but ending up with a rate that will be the envy of all your friends and family three years from now is a no brainer.

With help from a professional mortgage professional, you can use locking provisions to guarantee these historic low rates.  We can lock in the loan 15 days before closing or even up to 75 days if you want a longer window.  The longer the window, the more the cost of locking in a rate.  This is where I can help you make the decision.  

Now is the time to call.  This rates are not likely to go down and seem to be trending up.

**Graph belongs to

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