79
      Monday
      97 / 79
      Tuesday
      95 / 76
      Wednesday
      94 / 75

      Which Way Are Mortgage Rates Headed?

      Home mortgage rates are at record lows, and still falling.{} A local loan officer says a 30 year fixed rate in Tulsa is now in the low, low 4 percent range.{} How low can they go, and at what point should you lock in your rate?Whether you're buying new or refinancing, you may be wondering where the bottom is.{} A recent survey by the Mortgage Bankers Association found that there's mixed opinion of where rates are headed from here within the next 60 days.

      • 39% say they'll go up.
      • 27% believe they'll go lower.
      • 34% say rates will stay about the same.

      So, lock in the rate now, or wait?{} A Tulsa mortgage broker says the timing depends completely on the borrower and their individual circumstances, but if you're comfortable with the current rates, lock in now.While mortgage{} rates are at historic lows, you won't automatically get that fantastic rate. The rate you pay depends on a number of factors, including your credit score and the size, type and length of the loan.{}Before refinancing, Bankrate.com says homeowners should ask themselves these 6 questions.{} {}{}{}{}{}{}

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