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Mortgage Rate Lock Advice 9/27: A Busy Week for Economic Data Could Create Lock Opportunity

September 27, 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 – LOCK, For those 15 or more days out, you can FLOAT to take advantage of any improvements
  • Long-term – FLOAT

The week ahead for economic data that can affect mortgage interest rates:


  • 2-Year Treasury Auction


  • Case/Shiller Home Price Index
  • September Consumer Confidence
  • 5-Year Treasury Auction
  • MBA Mortgage Weekly Application Report
  • 7-Year Treasury Auction


  • Weekly Jobless Claims


  • August Personal Spending and Income Index
  • University of Michigan Consumer Sentiment Index
  • August Construction Spending
  • September Auto and Truck Sales
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