MortgageRate Increase
#RI-6ac4f0ed·4 months ago·
1
“Extended lock to avoid higher rate”
What Actually Happened
Went under contract at 3.75%, ended up at 4.25%. Extension cost $2,000, paid by buyer.
What I wish I knew
"How much the extension would cost and who would pay it."
Advice to Someone Facing This Now
If I could tell you one thing
"Lock in a rate or consider points to avoid future rate hikes."
Regret Index
7/10
Clear regret.
The downsides outweighed what was gained.
The downsides outweighed what was gained.
Advice for Someone Facing This
Short, upvotable wisdom. The most helpful rises to the top.
No advice yet. Be the first to share wisdom.
Mortgage Category
2
Mortgage decisions logged. Avg regret 6/10 across the category.
Same Outcome Band
50%
of Mortgage decisions land in the regret band the same as this one.
React, question, or discuss this decision.