How can you predict if interest rates for New York FHA loans will travel down?

Currently being quoted 6.5% and wondering if it will run down. Just (2) weeks ago it was 6.125%, but it be too early for me to lock surrounded by at that point.

Should I help out my Mom buy a house within my designation?



Answers:   Since the investors seem to believe inflation is going to return and the adjectives value of their money will be lower than the current meaning of money- I expect mortgage rates will continue to rise.

Which of the following items if added to a home will verbs 100% or more of its cost at the time of its resale


You can't predict what the rates will do - it is a wage. You could lock in and afterwards end up stuck if the rates shift down, but win big if the rates go up. No method to know, so your best bet would be to ask your lender if they allow a re-lock, and if so, what the fee is. I have locked in my rate, and later it subsequently went down formerly I closed, so for a $500 fee I be allowed to re-lock at the new lower rate. This be worth it because the rate drop saved me far more than $500. Hello
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