The million dollar question: When is the best time to lock my interest rate? The obvious answer: When home loan rates are at their lowest. The problem is that loan officers don’t really have a crystal ball. With that being said, some home loan professionals utilize financial market indicators that can help them advise home… Continue Reading
Tag Archives: Rate Lock
Change Your Closing Date To Get A Lower Mortgage Rate
Sometimes, saving money on your mortgage is as simple as picking a better closing date. It’s all about Rate Lock Commitments. A Rate Lock Commitment is a bank’s promise to honor a specific mortgage rate for a specific period of time. They are a lender’s prediction of what mortgage markets will look like at some… Continue Reading