Where do you guys see mortage rates going? I had a chance on Monday to lock at 5.375 on a 30 yr. Now its at 5.5 and I am wondering should I lock now or wait a couple of days to see if it drops back down to 5.375.
i ended up getting a 5.375 on a 30yr. this thread is 2 years old so the current rate is somewhere above 6% and probably will not be going lower anytime soon. stay away from ARM loans unless you plan on paying off the house quickly or going to flip it.
Somebody school me on the different types of rates you can get. Fixed, adjustable, etc. What's the difference? Pros? Cons?
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