Mortgage: Lock in or leave it open?
Although experts seem to disagree about when mortgage rates will go up, and by how much, most of them agree on one thing: They ARE poised to go higher. Now, they’ve been saying that for a couple of years, and one of these days they’ll be ‘proven right’. So what is YOUR opinion? Will they go up enough to make you want to lock in long-term? Or will you continue to leave it open, thereby getting the lowest rates possible, but gambling on the rates remaining low?
Take the Poll and let us know:
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When it comes to finances, all these moving interest rates and mortgages are really too complicated for me to understand. I’m one of those who would much prefer the services of a professional and their advice on what to do doesn’t hurt either!
Yes, I agree
I believe its up to each individual persons situation. If you are already near the top of our payment capability, you should think of locking in.
lock em in!
I agree….especially if someone is at the top of their pay-capacity already.
With the rates this low, I think it's a great time to lock it in.