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Personal Finances / Buying or Selling a Home

URL:  http://boards.fool.com/the-risk-you-face-in-delaying-the-closing-is-that-30507901.aspx

Subject:  Re: Escrow items during refi Date:  1/26/2013  1:01 PM
Author:  CCinOC Number:  124619 of 126962

The risk you face in delaying the closing is that rates will jump and you will get stuck with a higher rate. Frankly, that's a risk I would not take.

MBS (mortgage backed securities) lost 45 basis points between 1/24 and 1/25, causing rates to increase by .125-.25.
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