MortgagesUndressed

Continuing the story of my saying to lock. Today the rate went up another 1/8%. One problem that can arise is if the loan officer and the borrower don’t speak every day the loan officer is helpless. I don’t know what John Daly wants except a better rate. That is gone. Do I wait until Monday, the latest? Do I lock his rate without speaking to him? Do I only follow his instruction? The later of these 3 is the answer. Since this is hypthetical, I will wait until Monday. So far, floating has been a mistake. Larry