I’m waiting to hear back from my builder about my closing official date. They said it would be tentatively on Nov 03 or 05.
I didn’t lock a rate yet, but I’ve been following the US10Y, and today it reached 1.4. It’s been a while (since July?) it does not reach this level. Is it just a fluke after the FED announcement yesterday or more likely an upward trend?
Should I go ahead and lock a rate with these tentative dates in mind or wait for the official closing (hopefully this week)?