Our friends over at The Green Mortgage Team sent us this informative article on whether now is the time to lock-in your mortgage. ~Ed
It was quite a bumpy ride for rates in the past two months. Fixed rates dropped in early March, and then rebounded quickly from their lows only about a week later. The spreads over bonds jumped up due to liquidity issues in the market, as well as, a higher risk premium being associated with lending.
Since then, the spread has been normalizing as we predicted…Click for full article.