If closing your Chicago mortgage in:

  • 5-7 Days: I recommend LOCKING as equities recovered yesterday adversely affecting mortgage pricing.  While there was improvement today, timing is too short for this risk.
  • 7-15 Days: I recommend FLOATING as there will likely be opportunity in the for securing a better rate.
  • 15-30 Days: I recommend FLOATING
  • 30 or more days: I recommend FLOATING

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