Should I lock?

Rick Steeves be fantaically positive and militantly optimistic!
Great framework for a day I wanted to start off on a quick update for homrbuyers and refinance clients.
The mortgage market is trading now between 4.25-5% rate for 30-year loans depending on loan amount and other factors. This means if you buying or refinance and want a 30-year fixed lock in your rate first. You need to lock your rate first since your payments/budget are set by the rate. Plus as a mortgage originator I would rather have you protected and fight for a better rate than gosh I wish we had locked. I have seen two many clients frustrated with the scenario they are in of higher borrowing costs.
The question gets asks daily could move down again. I believe we are past our lowest rates for now. However bad news for 7-10 days in a row with stocks taking a value hit would equate to .25% or morwe rate improvement we saw this three weeks ago.
I vote for you to lock if you need to close.

Thanks
ARuss out