Are rates going to keep going down? If not, how soon can I lock at a low rate?

No one really knows if rates will come down more next week or not.. but this I do know.. rates are at an all time low right now, and market fluctuations happen all the time.. So when something happens and rates start to move.. they generally move down slowly, but go up fast.. so if you like to gamble.. understand that you would be risking a relatively shallow gain, vs. a high loss if you decide to want and see.. I tell all my clients.. if you like today's rate, then lock it in 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 NMLS# 226347

William is right. Rates are at an all time low, but for how long........ nobody knows. Find a reputable local loan professional to help you with the loan process. Ask several people you may know who have gone through the purchase or refinance process within the past year. Get input on their experience and then, go shopping! Rates and products will vary from office to office. Once you have selected a loan professional, have them explain the interest rate vs APR, mortgage insurance....... the whole thing!!! Know the process, what you are buying etc. All the very best, Scott.

No one can predict what rates will do from day to day.

While one never knows... It is not very wise to hold out for anything better than what is available today. Historically speaking, there is little to no room whatsoever to go lower, and a ton of room to go higher. LOCK right now, and be super happy.