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!
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Chad Wade
Managing Partner
Cornerstone Mortgage Group
Atlanta Home Loan Team
Georgia Residential Mortgage Licensee - 21412. Company NMLS -147913. Individual NMLS - 147936.