I’m buying an investment property (single-family home) in Southern California. The best rates I can get are either 7.25% with -0.25 points or 7.125% with 0.125 points. Interest rates have gone up 1% in the past month. Should I lock in now or wait a week or two? Thanks!
Locked loans close. It’s better to lock in now and potentially refinance later rather than risk rates going higher and pricing yourself out.
I say lock it. You can’t control the unknowns, but when rates come down, you can refinance if it makes sense at that time.
Definitely lock it in now. You can always refinance later. I’ve done it multiple times with my homes.
Locking in a rate now can give you peace of mind. Waiting might lead to higher rates, and you don’t want to gamble with that.
Consider your risk tolerance. If you’re comfortable with the current rates, locking might be the way to go. You can always revisit it later.
I was in a similar situation and ended up locking in. Rates kept rising, and I was glad I did. Don’t wait too long!
Keep an eye on market trends, but locking now seems safer given recent rate increases. You can always adjust later.
If you lock now, it protects you from further increases. Waiting could be risky unless you have a strong sense rates will drop.
Lock in the rate. The market is unpredictable, and it’s better to secure a rate than risk losing a good opportunity.
I’d lock in the rate now. You can always refinance if rates drop later, but you don’t want to miss out on a decent rate now.