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Reload this Page have you been waiting to lock in a rate.... (loan, interest rate, refinance)
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Old 08-24-2015, 08:49 AM
 
5,341 posts, read 14,134,112 times
Reputation: 4699

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Do it right now!
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Old 08-24-2015, 10:58 AM
 
Location: Sugarmill Woods , FL
6,234 posts, read 8,436,891 times
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Quote:
Originally Posted by TimtheGuy View Post
Do it right now!
Ok I'll bite. WHY right now?
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Old 08-24-2015, 01:05 PM
 
5,341 posts, read 14,134,112 times
Reputation: 4699
Quote:
Originally Posted by froglipz View Post
Ok I'll bite. WHY right now?
When the stock market tanks, interest rate pricing improves. For those involved in active purchases and potential refinances this morning would be the best day to lock in quite a while.

Sometimes these dips can be very short-lived, so just trying to help anyone who is looking at locking.
Last edited by TimtheGuy; 08-24-2015 at 01:56 PM..
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Old 08-28-2015, 06:56 AM
 
165 posts, read 356,783 times
Reputation: 84
Tell my buyer that I quoted a VA loan at 3.25% earlier this week paying half a point, he called me back yesterday and said he wanted to lock it. As soon as he called i told him market changed. He cried bait and switch. I told him if he would have bit the bait last week I would have hooked him!

He is still happy with a 3.5% Locked him yesterday.

LOL
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Old 08-28-2015, 07:27 AM
 
5,341 posts, read 14,134,112 times
Reputation: 4699
Quote:
Originally Posted by EdCampbell View Post
Tell my buyer that I quoted a VA loan at 3.25% earlier this week paying half a point, he called me back yesterday and said he wanted to lock it. As soon as he called i told him market changed. He cried bait and switch. I told him if he would have bit the bait last week I would have hooked him!

He is still happy with a 3.5% Locked him yesterday.

LOL


Just like the Froglip's post thinking my original post above was something not to be fully trusted.
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