Lock in or not lock in a mortgage rate...that is the question

[Brian Plajer]

Hello,

  I'm under contract for a new build townhome in Charlotte NC. We plan to rent it and hopefully see some appreciation over time. My issue is we close in Aug/Sept and the rates are obviously climbing. when I speak to the mortgage lender they recommend waiting rather than paying the cost to lock in. I am wondering what your thoughts are regarding the decision to pay to lock in a rate vs waiting, given that the property will be rented.

thanks,