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Mortgage Rate Lock Advice for Chicago and Oak Park: 7/8

July 8, 2010

Short-term – LOCK as rates have begun an upward trend as of yesterday afternoon. They have stabilized for now, but the likelihood of a decrease in a window of 15 days or less is small.

Long-term – FLOAT on belief that weakness in the economy will continue supporting the possibility in continued low mortgage rates. In the window of 15 to 30 days, there is now more risk and vigilance is recommended.

Click here if you would like to know more or want to talk about your individual needs

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