re: Mortgage rates

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also if we do get a correction from wall street expect to rates to tumble towards 4% very quickly.

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Thanks for your input. That's what I figured, but the Dow is down 600 this week but the rates keep marching higher.

Would you advise locking in a rate at this time, if closing at the end of the month?

I have a question for yall. I'm closing on a house on Feb 14th. I currently own my house. My plan is to start renting my current house when I move into the new one. Is my initial mortgage company going to try and change my rates or anything cause it's not primary residence or am I in the clear because it was my primary residence for 5 years?

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Is my initial mortgage company going to try and change my rates or anything cause it's not primary residence or am I in the clear because it was my primary residence for 5 years?

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There should be no change to your 1st mortgage. In my experience, subsequent mortgages have a higher rate to account for multiple mortgages. The lending risk should already be built into the one you close on in two weeks.