Have you been waiting to lock in an interest rate? Bill Vierzen explains the current rate climate and gives his professional opinion on what you can expect in the coming weeks.
Lock or Float
“Mortgage Rates spiked on Monday the 11th of November following a stronger than anticipated October employment report. My guess is that if weekly jobless claims beat expectations on Thursday November 14th, rates will continue to rise.
I don’t have a crystal ball, but there is a ton of uncertainty out there and with this, rates will continue to be volatile. If you feel like going to the casino and taking a chance you might want to float, otherwise you might want to lock in at today’s great rates and sleep well.”
If you have been waiting to lock your rate on a new home or a refinance now is the time to contact your lender. Call Title Mortgage at 603-643-1400 for the latest rates.