Brian,

Brian,

Unfortunately, no one can predict when rates will go up or down. Just because rates historically go up or down on certain days or in certain months doesn't mean that they will this week or next week. Rates did edge up slightly a couple of weeks ago and have stayed pretty steady since then. Does that mean they will be steady for the rest of this week? Probably, but again nobody knows for sure. Rates can get affected by news that comes out, whether positive or negative, and the changes are sometimes immediate and drastic, other times are minimal or no change at all. What I will say is that no matter what rate you end up locking in at, you are getting a fantastic rate by historic standards. In the 1980's people said that we'd never see rates below 10% again. You can imagine the relief of many (including myself) to have rates this low! I think that you are safe to lock in anytime this week, and try not to get over worried about a .125% change in rates after you lock in. The change is very minimal as far as how your payment is affected. Good luck with your purchase!