Can you please give me advice on when to lock a mortgage this week

Hi, Interest rates move due to market influences that can occur during any day of the week so there are no specific days that are better or worse to lock on. That being said rates are heading up so I would suggest locking a loan now if you have a loan that is submitted and ready to lock. If you email me a your loan scenario I would be happy to give you a competitive quote and make sure you are getting the best deal possible. I am a local mortgage broker located in Fort Collins. corey_seitz@excelfg.com

Rates change daily, and locking an interest rate is a double edge sword.. if rates go up, your protected.. if rates go down, you miss out.. regardless of how many years of experience one might have in mortgage finance, no one can predict what rates will do next week, next month, or next year.. if your happy with your rate now, just lock it and move on.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

If you are working with your lender, ask him/her if they have a free "float down". i.e. We would lock you in today, and if the % rates get better between today and when you are closing (either refinance or a purchase) then we would give you the lower % rate. Click on my profile to the left, then click on my email address or call me tomorrow morning to discuss. We have a "float down". Thanks...Jeff