Mortgage Rate Lock Advice for Chicago and Oak Park – 8/12

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, but FLOAT if 7 – 15 days from close.

Long-term – FLOAT

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