The Best Time To Lock In Your Mortgage Rate.png

08 October . 2019

When to Put a Lock on Interest Rates

Buying a new home requires many decisions, both big and small. One (hopefully) small item with a big impact is mortgage interest rates—what you’ll be paying to borrow money for a home loan. With daily fluctuations in the market, it's hard to know if rates will go up or down before getting to the escrow phase. A few percentage points in either direction can save or cost thousands over the lifetime of the loan. One way to remove uncertainty, and gain peace of mind, is to lock in your interest rate. Veteran mortgage financier Mark Greene shares how to find the best time to lock your rate in this Forbes article.