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Please tell us the best day of the week to lock in a mortgage rate.

I have been told mid-week (Tues) is best. Should we wait. by seema_jain960 from Antelope, California. Mar 23rd 2015 Reply


Bert Carpenter (BertCarpenter)
#38 ranked lender in Arizona - 1,815 contributions

I hate to burst your bubble, but there really is no "best" day. If you are happy with today's rate and would be unhappy if they went up and you were still floating, then you should probably lock. Tomorrow will bring either better or worse rates, but no one knows for sure. Too many people hang on hoping for a small reduction and end up getting hurt because the market is fickle and turns on them. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in Arizona (AZLO0911876 / AZBK0902429), Washington (WALO40586 / WACL3087) and California (CADOC40586 / CAFLL6036566). We are licensed by the CA-DBO under the CFLL and CRMLA. Loans made or arranged pursuant to CFLL or CRMLA license. ~ www.LoansA2z.com ~ 888-889-9950.

Mar 24th 2015
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,055 contributions

There is no best day of the week.. but rather economic events that drive rates up or down.. but this i know for sure.. when the market improves and rates get better, it does it really slow and in incremental movements.. but when the market goes bad, it go bad fast and in big chunks.. I always tell my clients, if your ok with waiting for a $15 per month lower payment but at the risk of having to pay $50 per month more if the market goes bad, then we can float as long as you wish.. my advise??? Lock, and don't look back!! I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Mar 24th 2015
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