Maybe this will explain why you shouldn’t gamble with your rate lock.
Yesterday I noted this expert advice. It iimplied rates may go up. Today I note this expert information as to why rates just went down. These reports were two days apart, the second tracking information from a week ago. What do you take as pertinent information to your situation? What do you do about locking your rate? My answer, lock at time of application, unless closing is more than 30 days out. If it is, lock about 25 days from closing. Don’t try and beat the experts, as they often don’t agree. Larry Cragun
