Skip to content

Mortgage Rate Lock Advice for Chicago and Oak Park: 8/6

August 6, 2010

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 – FLOAT as employment numbers were disappointing, which has opened the opportunity to secure a better rate.

Long-term – FLOAT but markets could begin to shift and you should be ready if they do. I would keep vigilant over the next few days.

Click here if you want to know the rates for your individual situation or have a lending need

Please note that pricing was trending down at the time of writing this post.

No comments yet

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: