How Can I Anticipate The Direction On Mortgage Interest Rates By Looking At Daily Financial News?
I am currently trying to decide to lock in or not to lock in. Are rates expected to go up, down, or remain the same over the next 3 months?
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asked 3 years ago
2 Answers - Sort by: Date | Rating
Mortgage rates are long-term rates, and are not, necessarily, tied to the daily market. Go to the mortgage bankers of America website... you might be able to get some background there. Otherwise, pick up some current real estate finance publications. Also, anything involving secondary marketing... FNMA, FHLMC, GNMA, etc. Information there will tell you what current indexes to follow.
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If your lender is giving you a 90-day lock, you are paying a premium. There is no guarantee without a price.
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