Should I Lock My Mortgage Rate Today? #interestrates

Should you lock your mortgage rate today? In episode 12 of Real (Estate) Talk, our experts Joe Rath and Courtney King discuss when it’s the best time to lock in your interest rate. Real (Estate) Talk answers your most-Googled questions about the housing market, including mortgage rates, finances, and more. This video is not intended as a solicitation if you are represented by an agent. The content is for informational purposes and should not replace professional counsel from a licensed attorney, financial advisor, or tax professional. Please confirm the suitability of referenced services independently. Here’s what we’ll cover in today’s video: 0:00 - Intro 0:18 - What does it mean to lock in an interest rate? 1:30 - When is the best time to lock in a rate? 3:13 - What happens if your closing date is extended? 4:00 - 3 Scenarios to consider 4:09 - Scenario #1: What happens if rates go up and you’ve locked in your mortgage rate? 4:36 - Scenario #2: What happens if rates stay the same and you're locked in? 5:03 - Scenario #3: What happens if rates go down and you’re locked in? 5:25 - Consider a float down option 6:01 - Should I lock in my mortgage rate today? 6:30 - Federal reserve and interest rates 7:13 - Outro Homebuyer Resource: https://www.redfin.com/blog/should-i-... Download the Redfin app: https://www.redfin.com/mobile Real (Estate) Talk Playlist:    • Real (Estate) Talk   Links Redfin.com: https://www.redfin.com/ Instagram:   / redfinrealestate   X: https://x.com/Redfin Facebook:   / redfin   TikTok:   / redfinrealestate   Blog: https://www.redfin.com/blog/ About Redfin: We pair the industry’s most experienced agents with our top-rated real estate app to help you buy, sell, or rent your perfect home. We’re here to help you discover real estate market insights, tips for home buyers and sellers, and more. California DRE #01521930 | Equal housing opportunity. #redfin #homebuyer #mortgagerates #realestate