X

What's coming up next year for mortgage rates... the Fed... housing markets... home prices? See HSH's 2022 Outlook for our expectations!

What's coming up next year for mortgage rates... the Fed... housing markets... home prices? See HSH's 2022 Outlook for our expectations!

Should I lock in my interest rate or wait?

Q: Interest rates are on the rise for home loans (30 yr FHA), but we have the option to wait to lock, will the rates continue to climb? should we lock now at 4.875% or wait until Jan? We're scheduled to close Feb 28, 2011.

A: Rates increased at the end of 2010 but have mostly stabilized. In general, we suggest that you lock in your interest rate when it is at a level which makes your deal work, rather than trying to time any bottom or dip in rates. To follow rates, read HSH.com's weekly MarketTrends newsletter, Two-Month Forecast for mortgage rates or even our latest Annual Outlook.

Ask the expert
Keith Gumbinger
Keith Gumbinger
Mortgage Expert
Vice President, HSH.com
About Keith: Mortgage market observer and analyst with 35 years experience... (more)
Submitting your question...

Question received! Check back later to see if your
question gets published.

Q: What loan amount does a mortgage need to be for it to be considered a Jumbo Loan?
JAN 03, 2022
A:

This question used to have a simple answer, since there was a "bright line" definition -- the conforming loan limit....

Read More
Q: What is the cost of getting a mortgage loan?
NOV 11, 2021
A:

 Costs and fees can vary depending upon lender policies and certain of the choices you make when you get your loan...

Read More
Q: What is the down payment required to get a mortgage these days?
NOV 03, 2021
A:

A: While some 100% financing may be available...

Read More
Add to Homescreen?
X
X
Install this web app on your phone :tap and then Add to homescreen