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Old 07-26-2011, 09:24 PM
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Join Date: Jul 2011
Posts: 1
Default Mortgage Interest Rates?

I live in NC and about 30 days away from closing on my first house. My mortgage lender still hasn't locked me in to an interest rate yet and I am getting a little worried about this whole debt ceiling thing. I heard on the news that if it isn't raised by Aug 1st, interest rates could "skyrocket". I asked my lender and she told me that if we are locked in before Aug 1st, it won't affect us if the debt ceiling isn't raised which is good news to me. She still hasn't locked me in though. Maybe she is waiting for the best rate. I don't know but I told her to go ahead and lock me in. My question(s) is this. Is there a website I can go to that will show me the current rates and how much will it affect my monthly mortgage based on each 1/4 point increase?
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