tag:blogger.com,1999:blog-1146220243240352708.post7749249077150796102..comments2019-07-15T22:11:15.669-07:00Comments on We're building a Ryan Home:Rome: To lock or not to lock? + Week 3 UpdatesMinaq2http://www.blogger.com/profile/13011186286420711182noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-1146220243240352708.post-90881681617941412982011-04-29T11:17:27.976-07:002011-04-29T11:17:27.976-07:00@LaLady welcome to the blog!
I actually caved an...@LaLady welcome to the blog! <br /><br />I actually caved and locked in at the 4.5% yesterday. I didn't hear about the rates increasing but that wouldn't surprise me. Honestly I don't think they will go below 4.5 they have been staying between 4.5% and 4.75% for the last few weeks.Minaq2https://www.blogger.com/profile/13011186286420711182noreply@blogger.comtag:blogger.com,1999:blog-1146220243240352708.post-68140015523035507702011-04-29T07:32:18.276-07:002011-04-29T07:32:18.276-07:00I have my fingers crossed on this issue as well. ...I have my fingers crossed on this issue as well. We have a settlement date of 7/8 and will be able to lock in a week or two. We were hoping the rates didn't increase from 4.75% when we signed the contract but now it seems they are dropping. 4.5% would be ideal since we never considered them going down so the decrease is a welcome surprise. I'm just hoping that they will still be 4.5% by May 11. I think they will keep dropping because i hear that July 6, 2011 the interest rates are going to sky-rocket so hopefully we can cash in on the "calm before the storm"LaLadyhttps://www.blogger.com/profile/09147288826416966411noreply@blogger.comtag:blogger.com,1999:blog-1146220243240352708.post-32770739325975791662011-04-27T10:26:43.486-07:002011-04-27T10:26:43.486-07:00Our PM told us something similar. We waited a wee...Our PM told us something similar. We waited a week and then we locked. For us it worked out because by waiting the rates dropped. <br /><br />I will say this, if your pre-drywall meeting is on Monday, then you should be fine to lock. Our pre-drywall inspection was 3/25 and we're closing 5/6.2011https://www.blogger.com/profile/10700862753137800252noreply@blogger.comtag:blogger.com,1999:blog-1146220243240352708.post-25535199081749496292011-04-27T07:06:52.211-07:002011-04-27T07:06:52.211-07:00WOW! It's going so quickly!! =)
Do you thin...WOW! It's going so quickly!! =)<br /><br />Do you think you could wait just one more week? <br /><br />From what I have seen, some mortgage companies have dropped the rates, but not all. In another week others should follow suit. <br /><br />Plus, if rates are just now dropping, I highly doubt they will shoot up much in a weeks time. And if for some weird reason they do, they shouldn't go past the 4.75% they were already at. You know?<br /><br />Waiting just a week shouldn't hurt, and it's kinda like meeting your Rep./PM in the middle. We are getting a ton of bad storms lately and more expected tonight. What if one comes through and puts the progress behind a bit? Your PM is just trying to watch out for you.<br /><br />Just my two-cents. In the end hon, this is YOUR decision to make and you have to do what YOU feel comfortable with.Noey814https://www.blogger.com/profile/01066260457481965588noreply@blogger.comtag:blogger.com,1999:blog-1146220243240352708.post-27275640880562441802011-04-27T07:00:14.280-07:002011-04-27T07:00:14.280-07:00We locked in last week at 4.75. I say go with your...We locked in last week at 4.75. I say go with your gut! 4.5 is a great rate! I tried to keep things in perspective because I also wanted to wait for a lower rate if possible but didn't want to risk them going up too. One-two years ago, homebuyers were lucky to get 7 or even 8 percent! So no matter what, you are at a great advantage!!ACPhttps://www.blogger.com/profile/10442020617089299354noreply@blogger.com