lock in mortgage rate

[phubaba]

Hey everyone,

I'm thinking about buying a house in 1 to 2 years.

Anyone know of a way to lock in a mortgage rate (at current rates), like a mortgage rate future

Or anyone have any idea on a reasonable way to do this? My assumption is that rates will start to rise.

Thanks

 

[Daal]

Short 10y 30y treasury bonds

 

[CET]

Quote from phubaba:

Hey everyone,

I'm thinking about buying a house in 1 to 2 years.

Anyone know of a way to lock in a mortgage rate (at current rates), like a mortgage rate future

Or anyone have any idea on a reasonable way to do this? My assumption is that rates will start to rise.

Thanks

If you would be a first time home buyer you should think about buying now to get the $8K tax credit, since that is a good incentive. If you think prices will still fall dramatically in your area then that is another story. Good luck.