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How Likely Is It That Mortgage Interest Rates Will Continue To Drop By Jan. 31, 2008?

I am unsure when to lock in a mortgage interest rate for a new home and have been quoted 5.375 percent.

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    Not very likely. There will be another decrease but not till after Jan 31, 2008.
    0 0

    Sanghm  

    answered 2 years ago

      It is unlikely mortgage rates will go up in the next week. If you  have to pay a fee for the lock, then why do it. If you don't have to pay a fee and are happy with the rate, lock it in.
      0 0

      Bobyack  

      answered 2 years ago

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