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?