Wait to lock in?

[Anonymous]

I've been following the news a bit watching stocks fall and bonds rise.  My loan officer is still telling me that rates haven't changed this week.  Any thoughts from the wise mortgage people here?  Should I go ahead and lock in now or wait it out...I'm closing Dec. 3rd.

Thanks!

[Anonymous]

They are going up-
and then they will go up again,

[Anonymous]

I'm confused.  I have been trying to educate myself on interst rates, and I am just confusing myself.  I watched the bond market all day yesterday thinking that when bonds were up, rates go down.  Is that wrong?  The market showed a -.10% yield change, but today rates were .10 higher....or at least that is what my loan officer said.  Can anyone enlighten me?  I could have locked in at 6.75% yesterday....today it's 6.875.  Should I take 6.875?  I'm confused!  

[MidnightVoice]

When you find someone who can predict what the mortgage rate is going to do, please tell me!

And if you do think you have found someone, I have this bridge for sale in NY.....

[Anonymous]

Boy, thanks for the help.

[Anonymous]

For what it's worth, I'd lock now.  I think that the rates are going up.  Of course this is just my opinion, and we all know about opinions.  :-)

Van

[Anonymous]

http://ficoforums.myfico.com/fico/board/message?board.id=loans&thread.id=667&view=by_date_ascending&page=1

I have been right 4 months in a row-

Lock yesterday-