It appears that mortgage rates have started to go lower than the 4.75% hold they've had for the past few weeks. I would really like to lock in my rate but I'm not sure if it's still too early. I called my PM this morning to ask if he thought it would be ok to lock if the rates stay at 4.5% today. His answer was not as reassuring as I thought it would be at this point, especially since he's been telling me how on track they are and even moved up my closing by a few days just last night. He stated he would like to have my 60 days end around the last week in June..."just in case". He said he does not foresee any issues but wanted to make sure he had a week as a buffer. While I understand his point, I feel like his week could potentially cost me thousands of dollars for non existing issue. I know and will own that I am feeling really impatient! My target rate is 4.5% but will settle with NO more than 4.75%. In the end he said I could take a chance and lock if I was really concerned. Not sure what to do?????
In other News....
Week 3 Updates
Monday-Wednesday: Complete framing out the house.
Thursday-Friday: Plumbing and Heating
Monday is our pre drywall and Guardian meetings all at once!