Should I lock in 30 yr mortgage interest rate now/ wait. They have risen to the highest this wk.Closing 03/30

Lock into the fixed rate now. Although interest rates are a little higher than they have been, they're still relatively low. If you can get a rate in the low 6's, you're doing well. Even if the rates go down, it won't be any more than a quarter or a half-percent. Lock in for the lowest rate you can get now.

Whatever you do, don't get an ARM. It will kill you financially.

To be completely truthful, 2.seventy 5 factors is extreme for that fee. there are various aspects that be sure your interest fee, yet a time-honored 30 3 hundred and sixty 5 days mounted fee with 20% down, stable credit, prevalent place of living, and finished earnings documentation is at the instant priced at 6% costing a million.375% on a 40 5 day lock. you may desire to be waiting to get 5.875% or so while you're paying that plenty. as much as now as locking is going, the marketplace is rather risky proper now - i might advise locking; yet there is not any thank you to tell for particular what the marketplace will do.

whoever said wait for the fed doesn't know what he/she is talking about. fed cutting rates has nothing to do with 30 yrs fixed. what is currently ur rate?

i would lock in the rate now and get a float down. spring and summer are just right around the corners and banks know there would be more buyers and thus charge a higher rate.

Wait until the fed meets on the 18th of March. The 10 year is going to fall with the news of increases in the limits for Fannie Mae and Freddie Mac loans.

hi, i thought they had just gone down and may be goin down next year too, but if u can afford the repayments on a fixed rate and r happy with them , why take a risk that they could rise??

we are looking for 100% mortgage but have been told today that most lenders are pulling these now. but found that a tracker was cheaper.

I used to work for a mortgage company, and my advice is to get that fixed rate. Even though an adjustable rate seems better in the beginning, it will get you in the end.

I agree with the others here, you may as well lock in now. Considering how things have gone, the rates aren't too bad right now. Yes, stay away from ARMs!

Wait until after the Fed meeting March 18th.

if rates are going up, lock in now - too much risk in waiting