Posted: 12/1/2010 1:48:25 PM EDT
| for a re-finance of my mortgage from a 30 year to a 15 year. The interest rate went up from 3.57 to 3.87 since the process started. How soon should I lock in? Do we expect the mortgage interest rates to climb or fall while Congress is back in session? |
+1 for lock in NOW. It isn't going down any more. The 3.5 was rock bottom IMO. I re-did my 30 at 4.00 and consider it to probably be a once in a lifetime opportunity and one that will allow me to payoff my home much sooner than the original lovely rate of ~7%; which was great when I built a few years ago.  |