If you have a mortgage application in process and you have not locked your loan — now is a great time to lock. Rates have been climbing over the last few weeks and it is not uncommon for us to see at least one rate increase a day right now.
Recent jobs data reflected record unemployment (the biggest jump in 22 years!) — which has somewhat helped keep rates under control, but everything that we see on the horizon says that inflation is lurking and will be the underlying cause of rising rates going forward in the immediate future.
That said — my best advice is… If you are currently in the mortgage process… LOCK NOW.