Had my house on the market and signed a contract with a lender. The rate at the time for a 30 year fixed was 7.2%. The contract expired, thank God. Checked in a couple of weeks ago and the rate was at 5.8%. I heard all of this talk about how it was going to hover around 6%. No big deal. I checked in today and it is 6.5%. What the hell happened in the span of two weeks to make it rise like that? Do I lock it in now or do any of you in the know, expect it to fall again?
Any advice would be appreciated. I am just not too knowledgeable about this stuff. The closing date on the sale of my home is supposed to be Dec. 2nd if that means anything.
Any advice would be appreciated. I am just not too knowledgeable about this stuff. The closing date on the sale of my home is supposed to be Dec. 2nd if that means anything.
