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bea559
LIF Toddler
Member since 11/10 457 total posts
Name:
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mortgage rate lock
I was wondering if anyone has locked in a mortgage rate lately?
We had been following the rate on bankrate.com but learned that it's not necessarily an accurate number.
We're looking at a 45 day lock at 4.875%. Thoughts?
TIA
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Posted 5/26/11 1:32 PM  |
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MrsFuller
LIF Infant
Member since 5/11 103 total posts
Name:
Mrs.Fuller
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Re: mortgage rate lock
do you have a closing day yet? I follow bloomberg.com and as of right now is 4.57
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| Posted 5/26/11 2:54 PM |
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bea559
LIF Toddler
Member since 11/10 457 total posts
Name:
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Re: mortgage rate lock
No closing date yet but we have the title and are just waiting on the results of departmental searches.
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| Posted 5/26/11 3:00 PM |
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babylove26
LIF Adult
Member since 8/10 987 total posts
Name:
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Re: mortgage rate lock
We just got locked in on monday for 4.5
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| Posted 5/26/11 4:47 PM |
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Re: mortgage rate lock
Do you know whether the bank charges you to lock for 45 days as opposed to 30? I know for most banks, 30 days is the standard period for the lock, and if you want to lock for longer, you have to pay in some form or another (fee, points, etc.).
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| Posted 5/26/11 5:06 PM |
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