Reply from Michelle Palumbo:
Hi Jan! First of all, congratulations on your upcoming closing, it looks like we’re closing right on time. At the time of application, I make it a point to ask all of my clients whether they prefer to lock their rate and take the savings off the table or gamble with the market by floating. It looks like we made a decision to lock in at the time of application, which is actually a good thing. The ...Hi Jan! First of all, congratulations on your upcoming closing, it looks like we’re closing right on time. At the time of application, I make it a point to ask all of my clients whether they prefer to lock their rate and take the savings off the table or gamble with the market by floating. It looks like we made a decision to lock in at the time of application, which is actually a good thing. The 10 year treasury is up 10 basis points from your initial lock date, which means rates are actually higher from when you locked in. Now that you’re a part of the Rocket Mortgage Family, you are also enrolled in our loan tracking system, which will ensure your financing is the most optimal spot for the life of the loan. Congratulations again on your new property!Read MoreRead Less