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If you luckily lock your rates at a down-period, you Whatsapp Mobile Number List would end up with fewer monthly mortgage payments. Here are a few tips that will help when observing rates: Make preparations to take maximum advantage of a down-period by watching the performance of rates Seek advice from mortgage brokers on the best down-period Whatsapp Mobile Number List Immediately you notice a suitable down-period, contact your lender.
According to Freddie Mac’s Mortgage Market Survey, Whatsapp Mobile Number List rates have moved from 2.86% in September 2021 to 5.7% in June 2022. It is advisable to lock your rate at 5.7% if you’re paying 0.9 in fees and points. Note that this report is for 30-year fixed-rate mortgages. However, mortgage rates are high due to inflation and a potential Whatsapp Mobile Number List economic recession. 11. Apply the use of a mortgage calculator Apply the use of a mortgage calculator.