Best day of the week to lock in mortgage rate?

Hi Martin;There is no "best day" to lock in a mortgage. Mortgage rates fluctuate with the market and can/do change per market conditions. for more information e mail me at pete.bass@everbank.com. on the web - www.everbank.com/pbass

I always suggest NOW!!.. when rates improve, it goes really slow and increases in very small increments.. but when the market deteriorates, it goes really fast and in large chunks, so the potential for a small gain is shadowed by the propensity of a rather large loss.. would you risk waiting/hoping that your payment might go down $12 at the risk of it rising $50? Lock now 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

I always suggest to lock as soon as you are under contract. You don't want to play the mortgage rate game. As they say in Vegas "the house always wins" and I feel more often than not, that is true if you wait to lock. Most lenders will allow a re-lock if interest rates drop more than .25%. This is not a guarantee, but is worth asking if they go .25% lower after locking. Best wishes, Sean