Hello. My name is Erik Martin and I am a reporter for a nationally syndicated real estate section published weekly in newspapers across the country (see past examples at tinyurl.com/rewejm). I’m looking to interview mortgage/lending professionals, realtors/agents, and other housing experts for the following article:WHY TRYING TO PERFECTLY TIME A RATE LOCK IS A LOSING GAME. This story would investigate why it’s so difficult—and dangerous—to try to perfectly “time the market” and wait for mortgage rates to drop lower than they already are, why current rates are still at/near historical lows, and the pros and cons of timing the market vs. locking in now. Below is a list of questions I’m seeking answers to. I can either conduct a phone or email interview (with the latter, please email me back full-sentence written responses that I can use as quotes). My deadline is noon central time, Monday, June 6.
QUESTIONS:1. Why is it so difficult to try to perfectly “time the market” and wait for mortgage rates to drop lower than they already are?2. Why is it dangerous to try to perfectly “time the market”? What are the negative consequences of attempting to do so?3. Why are current rates still at/near historical lows? What is driving this trend?4. What are the pros and cons of waiting/timing the market vs. locking in now? Please list a few answers/examples.5. Which approach do you recommend for borrowers: wait/time the market or lock in now? Why?6. Any other thoughts, tips or suggestions on this topic? 7. What is your full name, title, company, city/state location, and email address?
Keywords
mortgage/lending professionals, realtors/agents, housing experts
Share with your colleagues, friends or anyone
