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by bstone on March 31st, 2004
You just tell your broker that you want to float the rate instead of locking it in. You don't have to lock your rate until just before closing. Just be careful because rates may rise in that period of time.
I have a 70,000 loan with 8% fixed interest rate but my payments are from 640.00 to 798.00 one was 815.00 is this right?
by jammnwright on August 25th, 2010
| 1 person likes this
how do you get this application for the Hamp Program for saving your mortgage?
by londa1017 on June 8th, 2010
| 1 person likes this
The CFPB: Not Everyone is an Attorney?
by mdGreg on September 17th, 2010
| 1 person likes this
Did you refi, now that rates are at rock bottom?
by Piano Player on June 20th, 2010
| 1 person likes this
What is mortgage?
by bonezip on June 9th, 2010
| 1 person likes this
You're reading I am within the 30-day locking period in the middle of buying a house. How can I choose whether to lock the mortgage rate now or wait a couple of weeks?
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Comments
if you lock the rate and it drops by .5% the 95% of lender's will give you the rate.
by Saddened on May 2nd, 2006