Locking in a mortgage rate important when they are on the rise Reply

Mortgage rates have been rising pretty steadily over the last few months, so it is important that lenders lock in their customers’ rate. Although a difference of .5 percent may not seem like a lot, it is a big difference when it comes to a mortgage payment.  Locking in an interest rate keeps it at where it was at that time of your initial mortgage application, even if it rises by the closing date.  This will save you money. More…