Interests Rates

Rates have been staying low for the past couple of weeks.  What will happen this fall?  Well, according to the article below they will fall because rates tend to rise between May and August.

This may or may not be correct, there is no telling especially in a wild market like this.  The saying for stocks is “Sell in May and go away” and that wasn’t the case. 

All I can tell you is what is happening today and what may happen tomorrow.  The bottom line is that rates are low and you should lock in when you are comfortable with your payment and never look back.  Remember, if you lock in and rates go higher you are safe.  If you lock in and rates go lower you can always look at refinancing.  I just don’t see rates fluctuating much more than .125% to .375% lower but then again, who am I.

http://www.marketwatch.com/story/with-fall-leaves-and-mortgage-rates-will-drop-2009-09-04?siteid=rss