Rates are going down to 5% on a regular basis now, ARE YOU READY? By this I mean have you committed to a mortgage broker? Have you had an appraisal done? Has your file been submitted to underwriting? The answer to all of the above should be YES.
Once you have decided to refinance do everything with your originator to get your loan submitted and ask about 15 day rate locks. A 15 day rate lock is generally priced better for you. You will have to communicate more with your originator once you are approved but you can hold off and not lock until you get the rate you want. This is a bit of a gamble but the rewards may outweigh the risk. As always the decision is yours.
For more information about 15 day rate locks contact us at 603-796-6244 or our website at http://www.new-hampshire-home-mortgage.com
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