I often get that question and don't dare answer it for them. Instead, I'll refer them to the realtor.com commentary so they can decide for themselves. In our business, we hold our breath when we get a borrower locked and hope that we can close them before their are any major price drops. If there are price increases, we are doing everything we can to ensure a timely close so we don't have to extend the rate.
With these rates hovering in the high 3's it is just such a great time to get in a home so that you can start investing in an investment that you can call home. The home is like a saving account that you can fix up and enjoy for the rest of your life. How many other investments can you say that about?
Here's the link I share for rate locking advice. Feel free to share it with your clients.
http://www.realtor.com/home-finance/market-commentary-news/
If you are in the Carolinas and if you want to get your buyers locked with a great lender, call me! We have a great Purchase Power program that essentially pays all of the closing costs. This mostly leaves the buyers with the escrows and they can ask for some seller concessions for those.
Have a great weekend.
