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:
About the Publisher
Bo Kauffmann is a residential real estate agent with over 18 yrs experience in helping buyers and sellers achieve their goals. Inducted into the REMAX Hall of Fame in 2010 and receiving the REMAX Lifetime Achievement Award in 2019, Bo has sold over 500 houses and condos in the Greater Winnipeg market. He is an accredited buyer representative (A.B.R.) and a Luxury Home Marketing Specialist.
Bo provides exceptional service to First-Time Home-Buyers, Seniors looking to downsize and Home Sellers of all ages.
He can be reached easily By E-Mail or call/text him Call/Text Here
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MarcioWilges
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!
Bo Kauffmann
Yes, I agree
Bo Kauffmann
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.
Kelly Mitchell
lock em in!
Winnipeg Home Finder - Bo Kauffmann
I agree….especially if someone is at the top of their pay-capacity already.
Greg Riedner
With the rates this low, I think it's a great time to lock it in.