Quote:
Originally Posted by RickFLM4
Try asking your advisor if he’s shorting the market in anticipation of a sell off. No one can predict what happens next in the market or how exactly it will impact rates. Could have a sell off. Could have a rally with news of treatment / vaccine progress, government stimulus, or other factors. Very hard to predict short term movements or we’d all be billionaires. Good luck.
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I will ask. I kept bothering him about locking in a rate soon because I'm worried that we'll have to lock in a higher rate before we close escrow on July 2nd. I trust that he'll lock in a reasonable rate with 0 points for us though. As of lately, rates have been flat. Don't believe all these articles and advertisements that offer 3% or lower. You either need 20-30% down with 800+ credit score or buy the advertised rate.