Mortgage rate lock

What do you guys think about locking in now vs letting it float for the next month? Obviously nobody has a crystal ball so just getting a general gut check

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Navy Fed has this deal where you lock now and can lock 2 more times in the future

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I got a 5% with 3.125 points in the beginning of September - floated that down to 1.875 points on Monday and shaved almost $4,000 off my closing costs. Today after the fed announcement those numbers were worse than Monday, although yesterday was an aberration where my credit union was offering 5.375% interest rate with no points during the morning. By afternoon it had jumped back to 5.675%.

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Locked yesterday with 5.25

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I got rated 5.75 with PenFed today and 5.375 with Navy Fed.

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Is this conventional or va? I’m on an ARM with them but can’t get a VA loan

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It’s VA fixed are you interested in it its an awesome deal.

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I have a PenFed app in right now but I haven’t heard anything from them at all. Did you have to reach out to them to get movement?