Tag: lock
Extensions: When Your Time is Up With Your Lock
When you lock in a mortgage interest rate, it is for a specific period of time, such as 30, 45 or 60 days. Your mortgage professional should make sure it is for an adequate amount of time to close the transaction. If it’s a purchase, the lock may be for a few days [...]
Posted: February 27th, 2008 under Buyer Information, General Real Estate, Mortgage and Lending.
Tags: extension, interest-rate, lock, Mortgage and Lending
Comments: 13
RCG Reader Asks: Can You Beat this Rate?
I received this email from an RCG reader last night:
“… My fiancé and I are moving…on the 23rd (our closing date). We still haven’t locked in a lender but we’re lined up to go with Wells Fargo right now. Wondering if you could give us a lead on better rate? We’re going for a 5/1 IO [...]
Posted: July 7th, 2007 under Buyer Information, General Real Estate, Mortgage and Lending.
Tags: Good-Faith-Estimate, guarantee, interest-only, interest-rate, jumbo, lock, Mortgage and Lending, points, purchase, wells-fargo
Comments: none
LOCK your mortgage interest rate
Mortgage interest rates continue to move upwards. The latest factor is across the globe in New Zealand. New Zealand’s Central Bank (like our Fed) hiked their interest rates this morning…so how does something so far away from the USA impact our mortgage rates?
Remember, mortgage interest rates are based on mortgage backed securities: bonds. These bonds are [...]
Posted: June 7th, 2007 under Agent Advice, Buyer Information, General Real Estate, Mortgage and Lending.
Tags: economic-indicators, float, lock, mortgage-rates
Comments: 25
