Lock In For a Good Deal
When I help home buyers and investors evaluate property, I always talk about the interest rate that they are able to secure on their loan. I do this because, in some cases, the interest rate will be the deciding factor between making an offer and walking away. Les Christie, a writer for CNN Money, just recently posted an article titled Time to lock in your mortgage rate. It talks about the ability to lock in today’s rate for the next 30 to 60 days - which is a very compelling idea considering the current upward trend of interest rates. If you have a few minutes, I’d recommend you take a look at the article.
