Experts Questions and Answers

Somebody once told me “it is a fool’s errand to predict the interest rate”. That statement holds true today. Too many dynamics influence the shifting of interest rate every minute the market is open for trading for there to be real certainty. We may favor locking vs. floating from one day to another, but market could easily move in the opposite direction due to some unforeseen or unscheduled event nationally or even globally. Of course every borrower should be concerned about getting a good rate. However, getting the right house is much more important than “timing the market” to catch the rate at its lowest point.