Experts: Lock Now, As Mortgage Rates Back Down
Mortgage rates are back in line with recent lows and averaging out at 4.125%, Mortgage News Daily is reporting.
Experts advise locking in on a rate now.
“I’m cautiously optimistic that we are about to break back into the long term trend of lower rates, but remain right on the edge,” says Brent Borcherding. “The safest decision is to take the gains we’ve received over the last several days and lock.”
Image via flickr/American Advisors Group