Are you currently in the process of buying a home or refinancing?  Trying to decide when to lock can be a stressful and difficult decision.  In my job as a mortgage lender, I watch the markets daily to keep my clients abreast of changes to assist them in securing the best mortgage rate possible.  Please see my recommendations below.

If closing your Chicago mortgage in:

  • 5-7 Days: I recommend LOCKING
  • 7-15 Days: I recommend FLOATING as this uptick will likely reverse
  • 15-30 Days: I recommend FLOATING
  • 30 or more days: I recommend FLOATING

Click here for more information or to discuss your real estate deal in greater detail