should we lock in a rate?

Categories: Mortgage

We just closed on a house in November days before mortgage rates dropped. Now they are even lower. Should we lock in at 4.5 percent and refinance? or wait and see if they go lower? I know it’s all speculation but am curious if anyone understands the movement of rates better than I do and has reason to think we should wait a little longer. Thanks.

By se | 12/23/2008 5:13 PM