Advice on when to lock rate on refi?

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[Post New]12/30/2013 22:25
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Anonymous
I am getting divorced and will be keeping the house. Property settlement is almost done. In order to get my ex off the mortgage (and deed) I will need to refi in the next several months. What does everyone's crystal ball say about mortgage rate trends? I'd rather just go ahead and lock and get it done with but am slightly afraid that the minute I do that rates will go down. Part of my reluctance is due to the fact that I hate that I will be refinancing to a higher rate (current rate is in the 3s). I should just go ahead and do it once the settlement is finalized, right?
[Post New]12/30/2013 22:30
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Anonymous
Yes-- I would do it when the paperwork starts processing.
[Post New]12/30/2013 22:33
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Anonymous
The rates are lowest in the winter, I would do it now.
[Post New]12/30/2013 23:28
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Anonymous
would wait until you are actually divorced. I would not release him from the loan until everything is final.
[Post New]12/31/2013 07:02
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Anonymous
Our forecasts say it'll go up over the next two years.
[Post New]12/31/2013 07:35
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Anonymous
Anonymous wrote:Yes-- I would do it when the paperwork starts processing.


sorry meant when the mortgage paperwork starts processing-- once everything else is done
[Post New]12/31/2013 14:17
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Anonymous
OP here. Thanks everyone.
[Post New]12/31/2013 14:19
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Anonymous
asap
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