Posted 11/25/2023, 7:00:00 PM
Mortgage Rates See Temporary Dip, Presenting Window to Lock In Low Rates
- Mortgage rates fluctuate often, making it hard to predict the best time to secure a mortgage
- Current market conditions have seen some declines in fixed mortgage rates
- Securing a rate hold during declining rate environments locks in a low rate even if rates later increase
- Renewing a mortgage early can be costly if rates decline afterwards
- There is currently a window of opportunity to lock in a low mortgage rate, which may not last long