When Should You Lock In Your Mortgage Rate?
A mortgage rate lock captures a rate on a specific day. But when should you lock when buying or refinancing a house?
July 22, 2024 7 MIN
A mortgage rate lock captures a rate on a specific day. But when should you lock when buying or refinancing a house?
The Fed could look to cut rates in September, but only if inflation numbers cooperation, some of which come out Friday.
The latest inflation reading could spell better times for mortgage rates. But the Trump assassination attempt could swing rates higher this week due to the "Trump Trade."
Mortgage rates are driven by inflation and other economic data. But one factor is influencing them more than normal: low demand for government debt.
The 2024 Presidential election could impact mortgage rates. How would mortgage rates fare under each candidate?
Cooling inflation is helping mortgage rates. Can they hold at lower levels?
Three potentially game-changing events happen within half a day starting 8:30 ET Wednesday. Buckle up for perhaps the wildest ride for mortgage rates in recent memory.
The European Central Bank and the Bank of Canada -- their equivalent of the U.S. Federal Reserve just cut interest rates. Will the Fed follow suit?
The next 9 days could be wild for mortgage rates. Plus, check today's home purchase and refinance rates.
After a good first half of May, mortgage rates are rising again because the economy is unexpectedly strong and inflation, persistent.
Mortgage rates are improving on softer inflation and retail sales.
It's not like you've heard. Mortgage rates can move independently of the Fed and 10-Year Treasury.
Homeowners hoped 2024 would help them break up with their mortgage rate, but a recent report shows they should start thinking about a long-term relationship.
A mortgage rate float down gives you the best of both worlds: you can lock in your rate with a chance to lower it if rates fall.
The mortgage market awaits good as the Consumer Price Index (CPI) report and Federal Reserve Chair Jerome Powell’s testimony before Senate and House committees on Capitol Hill approaches.
Arguable the most influential economic report comes out Friday. A downbeat report could help mortgage rates, since weaker jobs data gives the Fed stable ground on which to make the rate-cut argument.
It will likely be a calm week for mortgage rates -- that is, until Friday rolls around.
Many homebuyers who missed the last mortgage rate rally wonder if low rates will ever come back. Can rates fall to 3%?
