Should you immediately lock in your rate once you’re under contract - versus trying to perfectly time the market for the lowest rate?! Short answer: YES!
You should ALWAYS lock your interest rate in as soon as you can - this creates a hedge in case rates get worse. With that said, if rates get better while you are under contract all the good mortgage companies will allow you to float down to a lower rate!
We helped 5 clients secure a lower interest rate last week through this policy. We’d love to help you too!
Please, let us know if you have any questions!
Cornerstone Mortgage Group
Atlanta Home Loan Team
Georgia Residential Mortgage Licensee - 21412. Company NMLS -147913. Individual NMLS - 147936.