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Regina Said:

How do current mortgage rates help new home builders?

We Answered:

Most economists predict that interest rates and home mortgage rates will remain low for some time to come. There may be some slight increases later in the year as the economy and the housing market improve but the rates are at record lows and now is the perfect time to buy a new home.

Have you spoken with a lender? It is possible to lock-in a rate for a small fee and thereby guarantee that you will not see substantial increases.

Reginald Said:

Will the interest rates for home mortgage expected to rise in the next few days???..... or fall?

We Answered:

There is always a chance for anything to happen. You gamble on this chance and you might win. There is talk that the rates will fall again.

If something happen and the trend goes the other way then you will lose when the rate goes up.

No one can really give you any advice about when to lock your loan except your mortgage broker and what you feel as the borrower.

I have know of people that have loans approved and all of a sudden things changed and they were no longer approved.

So with the market the way it is now, the decision is in your court.

Who are you gonna blame if we all tell you to wait and all of a sudden the rate goes up?

Since you have an approval, I think I would lock, because the any change up or down would on be about and 1/8 which would not really make a dent in you payments one way or the other.

I hope this has been of some information to you, good luck.

"FIGHT ON"