My closing is 30 days away - lock or no lock 6% fixed 30-yr FHA?

Asked by C D, Providence, RI Mon Mar 24, 2008

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Julie Humphr…, Agent, Chesapeake, VA
Sun Oct 5, 2008
LOCK. Per my preferred lender rates will be going back up. Granted they are up and down all the time, but 6% is a good rate and you don't want to lose it.
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Alayna Berek, Agent, Exeter, RI
Fri Mar 28, 2008
I would lock if you are working with a mortgage broker. If rates go down, they can usually shop you to another lender. If you are working with a direct lender they may charge you to go down on the rate.
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Terry Bell, , Chattanooga, TN
Mon Mar 24, 2008
I'm guessing that is the best rate your lender will quote you? 6% isn't bad if you are comfortable with it. So make a decision and don't look back.
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