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Holiday Rates

it seems that lenders are more conservative with rates as we near the Christmas holiday, is this typical or is there any proof of this? I am wondering if I should take advantage of my pre-approval rate now or wait. I am wondering if rates may drop lower in beginning of January. Any professional help is appreciated! by kmself682 from North Miami Beach, Florida. Dec 21st 2018 Reply

Ralph Richard Guertin (
#136 ranked lender in Georgia - 807 contributions

Hi, I have over 18 years of experience in this business and I have seen lenders get a little conservative during longer breaks. Which makes perfect sense, mitigate there potential exposure of the unknown. Not sure what you pre-approval rate is, so hard to give any further advice based on the info provided.... if you would like to discuss further feel free to reach out to me by phone 954-274-7725 or email

Dec 22nd 2018
William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,728 contributions

There is no pattern of rates dropping during Christmas... Rates are driven by market conditions and the market moves with economic news and indicators.. There are things that make the market change daily.. Typically, good economic news is bad for rates.. and bad economic news is good for rates.. This is because mortgage interest rates are driven by the bond market.. the bond market get's ignores when stocks are soaring.. but when stocks go down, the investors flock to the bond market and this would be good for lowering rates.. this all being said, people refinance for many reasons.. and since no one has a crystal ball, my advice would be that if you are happy with your pre approval rate, then move forward and don't look back. Understand that when rates move in a bad direction, it's over a very short period of time and in large chunks.. but when the market improves and rates go lower, it's spread out of a larger period of time and in smaller increments.. The likelihood of rates going higher is far greater than rates getting better.. I wouldn't risk the chance to bet a 1/8th better rate at the cost of maybe paying 1/2 percent more.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893

Dec 27th 2018
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