Knowing When To Lock Or Float Is Easy When Mortgage Rates Are Range-Bound

In yesterday's post, I described mortgage rates as being "range-bound", repeatedly returning to the same 5.250 percent, 0 points marker since last December. Rather than take my word for it, though, check out the chart. It plots the Freddie Mac, 30-year fixed mortgage rate from December 2008 to July 2009.