Mortgage loan rates?
I’ve been keeping an eye on home loan rates and have seen them go up and down over the past month. Now they are back on the rise and, of course, we are trying to buy a house. Do you think the rates will continue to go up? Or is it likely that they will come back down again in the next few weeks?
We have not yet locked in our interest rate – we were pre-approved too far in advance of our estimated closing date and would have had to pay extra fees to lock it it at that time. I’m going to keep an eye on the rates, I just wanted to get some opinions if they will continue to rise or if it’s just temporary and will go back down.