Quote:
Originally Posted by Due
I'm building a new house and wondering when it's a good time to lock the rate on the mortgage. If US defaults on tuesday I'm sure it's going to cause a big increase on the interest rate. If not I guess it's business as usual ? We're not closing escrow till October
Any suggestions ?
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Unless you plan on paying for your house by selling treasure bonds for the fed, your rate aint going up cause of the default.