| Aug 15, 2011 11:27AM Rates are bouncing around near record lows set last October and consumers are looking to seize the opportunity. There's always a rush by consumers and loan agents to lock rates on dips, and that practice is all the more prevalent when extreme daily rate swings raise the sense of urgency. But before you take the ready-fire-aim approach, remember the old saying: haste makes waste. Just because a rate is locked doesn't mean the loan will close. Here's how you can make sure that it does. Let Lender Run... Aug 15, 2011 3:36PM Mortgage rates re-entered record-low territory last week, one-day after the Federal Reserve announced it would continue lending cash to banks at a 0% interest rate.... explicitly for the next two-years . Since then consumer borrowing costs have risen marginally, but remain in record-low territory... CURRENT MARKET *: The BestExecution 30-year fixed mortgage rate is 4.25% in most cases. Several lenders are willing to offer 4.000%, and even 3.875% is possible for those interested in buying down their...
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