I am looking to buy a new build and commit now for a close date in September. I know no one can predict the future rates but wanted to get thoughts if people think this would be a bad idea due to the unpredictability of rates right now through the end of the year.

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I believe you usually lock your rate at the beginning of the build; not end and then it doesn’t recalibrate. You pay int only during construction and then converts to P + int after occupancy. That’s my experience at least.

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From someone who just moved into a new build, you lock in your rate anywhere from 30-90 days before close

Can always refinance

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Not financial advice, but if you can afford it and are happy with it, then it is absolutely the best time to buy

My personal thought is that rates will come down. BUT if rates come down, then housing prices will go up, and you may appreciate having a house that is building equity

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