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Old 06-27-2008, 09:51 AM
 
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If you had a crystal ball, what do you think the 30 year mortgage rates are going to do in the next 30 days? Up/down/flat?

I need to lock and I'm trying to figure out the "best" timing for it.
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Old 06-28-2008, 07:44 AM
 
Location: Cold Frozen North
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Up!
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Old 06-28-2008, 12:08 PM
 
Location: Lemon Grove, CA USA
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They went up then started to come back down. My hope is they come down some more since I'm locked in and working on escrow right now. If they come down I can adjust down as long as it is before close.

Oh and if you want an indicator of mortgage rates check the Ten Year Treasury (TNX) as it is what is used by the mortgage companies to set their rates. It obviously isn't exact but the trends will show you what will be happening to the rates in the same period.

My opinion though? I think they'll drop some more then, unless more bad financial/economical news comes out, they will rebound toward the end of the year. Purely guess work though since I'm not in the industry or anything.
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Old 06-28-2008, 04:41 PM
 
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Thanks for the info. I can lock whenever I tell them and then again during the last 30 days before we close since they are building a house. So I get to another chance late this year.
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