- My Forums
- Tiger Rant
- LSU Score Board
- LSU Recruiting
- SEC Rant
- SEC Score Board
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Should I lock in Mortgage Interest Rate Today?
Posted on 3/8/13 at 3:40 pm
Posted on 3/8/13 at 3:40 pm
Refinancing over the last 4 months has literally been my nemesis and it's like I'm being taunted by a greater force. I've been on the cusp four times and every one some observed event trumped sealing the deal: Grandparent's death, wife needs gall bladder surgery, someone promises great rate and it falls though, etc.
I finally got my shite together this week. Great deal, pulling the plug. Internet goes out at my office yesterday afternoon. Never happened before, out for an hour and a half. I finally finish my application but too late to be processed. I'm worried. Well of course, self-fulfilling prophecy of my paranoia occurs and rates have their single biggest overnight jump in 2.5 years. Nearly 1/1000 scenario comes true as a result of this cooked jobs reports. Awesome.
So, do I lock this afternoon or wait till Monday/Tuesday. I'm thinking about waiting, but everything I do is wrong. thanks for listening.
I finally got my shite together this week. Great deal, pulling the plug. Internet goes out at my office yesterday afternoon. Never happened before, out for an hour and a half. I finally finish my application but too late to be processed. I'm worried. Well of course, self-fulfilling prophecy of my paranoia occurs and rates have their single biggest overnight jump in 2.5 years. Nearly 1/1000 scenario comes true as a result of this cooked jobs reports. Awesome.
So, do I lock this afternoon or wait till Monday/Tuesday. I'm thinking about waiting, but everything I do is wrong. thanks for listening.
Posted on 3/8/13 at 4:07 pm to Vlad The Inhaler
quote:
So, do I lock this afternoon
Does a bear shite in the woods?
Posted on 3/8/13 at 9:08 pm to RickAstley
What were you quoted?
You didn't lock the rate for 30 days when you went in to apply; or, does the 30 day lock only apply after you finally get off your tail and submit the paperwork?
You didn't lock the rate for 30 days when you went in to apply; or, does the 30 day lock only apply after you finally get off your tail and submit the paperwork?
Posted on 3/11/13 at 2:15 pm to matthew25
quote:
You didn't lock the rate for 30 days when you went in to apply; or, does the 30 day lock only apply after you finally get off your tail and submit the paperwork?
After you submit the paperwork and it's processed, you agree to lock in a rate. Typically it's automatic, except for in my case where it took an enourmous jump and warrented pause.
It went up again today. News tip--whenever I lock in, the economy will tank and send interest rates down.
Posted on 3/11/13 at 2:34 pm to Vlad The Inhaler
quote:
News tip--whenever I lock in, the economy will tank and send interest rates down.
In that case go ahead and lock now for my sake, I am still floating my rate. Come on help a brotha out!
Posted on 3/12/13 at 10:55 am to Vlad The Inhaler
quote:
rates have their single biggest overnight jump in 2.5 years.
Damn it Vlad. Thanks for the info. I have been trying to re-fi for about two weeks now. Cant get anyone at the bank to call me back.
Posted on 3/12/13 at 11:05 am to Jed Zeppelin
Yeah I'm pissed. Trying to lock in on our final mortgage for a house we're building. Decided to play it safe because I wasn't sure if we'd be done in 60 days and the rate has gone up .25% since then.
Popular
Back to top
Follow TigerDroppings for LSU Football News