So this morning on the way to work I see a story on CNBC that mortgage rates are starting to go up again. Damn! I had expected them to basically stay flat, or maybe, just maybe, drop one more time before my closing. So I called Brandy to get my lock in NOW. But my rate had already gone from 5.375% to 5.75%. Which translates to an extra $50 a month or so for me. To buy it back in points at closing would cost me 3 grand or so. To do that I think I would have to sell stuff I don’t want to sell. But maybe it would be worth it. Poo. I’ll probably buy back at least half a point. Gunna run and check my finances real quick, then sign the lock in paper work. This blows. Should have locked in a week after the last fed rate once it was clear the mortgage rates were not going to drop because of that. Poo.
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