More mortgage information10 of 10For more mortgage information, check out the following stories:Fixed-rate mortgagesAdjustable-rate mortgagesOther types of mortgagesARM or fixed-rate mortgage?Which lender is right for you?Private mortgage insurance<< Back to the 2010 Real Estate Guide table of contents. advertisementRelated Links:Invest in 401(k) or pay down mortgage?Buying a home as-isHow will new mortgage rules affect you?Related Articles:Down payment help existsBorrowers grab low ratesInterest Rate Roundup
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If you're scheduled to close your mortgage within a month or so, it's probably best to lock the interest rate, mostly for peace of mind.
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