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
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Your Local Gas Station May Have Clues About Tomorrow’s Mortgage Rates
The retail price of gasoline is rising nationwide, now up 30 percent since the New Year. It’s a similar run-up to what we’ve seen for retail gas prices in each of the last 5 Spring Seasons. For people trying to time the mortgage market’s bottom, clues about the future of mortgage rates may be at the local… Continue Reading