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re: Refinancing my mortgage - To lock in or to not lock in.......
Posted on 5/20/13 at 2:25 pm to TJG210
Posted on 5/20/13 at 2:25 pm to TJG210
rates will never be lower than they are right now. The federal funds rate can not go any lower than 0. There is only one direction rates can go at this point ... Up.
Lock it in!
Lock it in!
This post was edited on 5/20/13 at 2:28 pm
2
Posted on 5/20/13 at 2:36 pm to JPLSU1981
They were goin down every week for about 3 or 4 weeks, untill a week or 2 ago . Then they started going north slightly. I would lock.
Posted on 5/20/13 at 2:51 pm to JPLSU1981
quote:
The federal funds rate can not go any lower than 0
Understood, but it also can fluctuate based on other things such as what traders on Wall St. are buying. When I was on the phone with the broker I had her look up a 20yr and it was more expensive than the 30.
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