Are you currently in the process of buying a home or refinancing in Chicago or vicinity? Trying to decide when to lock can be a stressful and difficult decision. In my job as a mortgage lender, I watch the markets daily to keep my clients abreast of changes to assist them in securing the best mortgage rate possible. Please see my recommendations below.
Short-term - LOCK if closing in 7 or fewer days. If closing in 7 to 15 days, cautiously FLOAT with a finger on the trigger.
Long-term - FLOAT with vigilance.
The week ahead for economic data that can affect mortgage interest rates
Tuesday
Wednesday
Thursday
Friday
Are you currently in the process of buying a home or refinancing in Chicago or vicinity? Trying to decide when to lock can be a stressful and difficult decision. In my job as a mortgage lender, I watch the markets daily to keep my clients abreast of changes to assist them in securing the best mortgage rate possible. Please see my recommendations below.
Short-term - LOCK if closing in 15 or fewer days.
Long-term - FLOAT with extreme caution.
The week ahead for economic data that can affect mortgage interest rates
Monday
Tuesday
Wednesday
Thursday
Are you currently in the process of buying a home or refinancing in Chicago or vicinity? Trying to decide when to lock can be a stressful and difficult decision. In my job as a mortgage lender, I watch the markets daily to keep my clients abreast of changes to assist them in securing the best mortgage rate possible. Please see my recommendations below.
Short-term - LOCK if closing in 7 or fewer days. FLOAT with extreme caution if closing between 7 and 15 days.
Long-term - LOCK on ANY price improvements as window for securing best rates will be small and fleeting.
The week ahead for economic data that can affect mortgage interest rates
Wednesday
Thursday
I received an informational email from a good friend and wanted to share the specifics. It presents in great detail the specifics of the recent legislation on taxes and unemployment. I have also included her contact information below for questions that you may have.
This week in mortgage interest rates could have been worse. While we started with another upward climb, rates for Fannie Mae and Freddie Mac mortgages retreated a bit by Thursday. Based on the extreme pain of the last 30 or so days, this was jump up and kick your heels together news.
Seasoned lending professional with experience in all types of borrowers from high net worth to first time buyers. I am dedicated to providing my clients exceptional service at a competitive price.
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