Re: mortgage rate lock?
rates will most likely go up one half point or less if they do. so just figure out the quarter point cost and the grand, against what the total interest expense you will be paying. easy to weigh out risk verses reward. off the top of my head you are getting a bad deal. as these things arent offered for your benefit. only those that keep their mortgages for the life of them and dont move or sell make out with these type of things.
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