Do you think that artificial 45 mortgage rate will go through? when? will it count for refinancing?

Pinkie
Do you think that artificial 4.5% mortgage rate will go through? When? Will it count for refinancing?We're planning on closing on a house in 12 days and it would be a shame to barely miss out on such a low interest rate.

Bart
I am in the mortgage lending business. If you have a rate locked ealier than last weeks plunge, you may inquire about a float down option with you lender. There is a pricing hit for this, however it can be absorbed by the lenders margin. It is usually .25 to .375 off of their margin. They may be able to roll you down to a bit lower rate, obsorb the hit. They may be able to assume the same margin and you get a lower rate. In coming weeks the rates may get lower yet in which you may miss out unless you want to roll the dice and ask the sellers to delay the closing for a fee. You may be chasing bad money because these rates may never come.

Alvera
YesAfter inuargurationProbably not -- it will be meant to clear out the inventory.