CNN Money announced that rates are falling again, after three weeks of trending higher.
Read the CNN Money article: Mortgage rates fall again.
“Mortgage rates were down this week as real GDP was revised downwards to 2.4% growth in the fourth quarter of 2013,” said Frank Nothaft, Freddie’s chief economist.
Is it a Good Time to Lock In a Mortgage Rate?
It could be a great time to lock in a rate. But, whether it’s a good time for you to lock in an interest rate depends on your particular circumstances.
If you would like help weighing out the pros and cons of locking in a mortgage rate, please contact us for a mortgage review. It would be our pleasure to help you meet all your home loan and refinancing needs.