Rates are low - how soon to lock?

[youngcreditcarduser]

My wife's score is 707 mainly due to high credit util we got from paying off our last bit of student loans with 0% interest card. My score is 749. I have paid off her credit card down a bit and simulations show that her score should jump to 745 by early next month. With interest rates low and threating to go up with a possible fed hike when should I pull the trigger?

[edcampbell613]

Yes, IMO, Just make sure you find a lender that has a good float down option if the rates drop.

I always tell my borrowers "The best rate out there is the rate I have today" If it drops I can relock it for a minor cost. If it goes up you cant rewind the clock!

[ezdriver]

Market conditions support rising rates. When to lock? Only the borrower knows. If I were the borrower, I'd lock yesterday.