Locking in your interest rate can be a smart move under the right circumstances—especially when there's economic uncertainty, like tariffs, geopolitical tension, or volatile inflation. Here are a few key considerations to help you decide: ✅ Reasons to Lock in Now: Rising Rate Environment: If inflation is persistent and the Fed continues to signal rate hikes (or holding rates higher for longer), mortgage and loan rates might increase. Market Volatility: Tariffs and global economic uncertainty can lead to unpredictable swings in rates. Locking in now protects you from upward movement. You’re Close to Closing: If you're within 30-60 days of needing the loan (e.g., buying a house), rate locks are usually worth it. Peace of Mind: Locking gives you certainty in an uncertain time, helping you budget better and avoid surprises. ❌ Reasons to Hold Off: You Expect Rates to Drop: If there's strong indication that rates will fall due to recession fears or easing inflation, waiting could save money. You're Not Ready to Act: If your closing is still months away or you're just shopping around, locking too early may be premature (and rate locks often have time limits and fees) tune in and learn more at https://www.ddamortgage.com/blog didier malagies nmls#212566 dda mortgage nmls#324329

Recent research from the Nationwide Retirement Institute and The American College of Financial Services highlights a significant disconnect between Americans' increasing life expectancy and their financial preparedness for retirement. As more individuals are living into their 90s and beyond, many are at risk of outliving their savings due to inadequate planning. Key Findings Longevity Risk : The U.S. Census Bureau projects that the number of Americans living to 100 will quadruple by 2054. However, only 29% of Americans express a desire to live that long, primarily due to concerns about declining health and financial insecurity. Underestimating Lifespan : A significant portion of Americans underestimate their potential lifespan. Only 27% could accurately estimate the average longevity of a 65-year-old, leading to insufficient retirement planning. Financial Literacy Gaps : The Retirement Income Literacy Study reveals that many older Americans lack knowledge in key areas such as Social Security, investments, and longevity planning, which are crucial for retirement readiness. Delayed Retirement : Economic uncertainties, including inflation and market volatility, have led 76% of surveyed individuals to consider delaying retirement to ensure financial stability. Business Recommendation To address these challenges, experts suggest: Longevity Planning : Incorporate realistic life expectancy estimates into retirement planning to ensure savings last throughout one's lifetime. Financial Education : Enhance understanding of retirement-related financial topics, including Social Security benefits and investment strategies. Guaranteed Income Streams : Consider products like annuities that provide a steady income to mitigate the risk of outliving savings. Professional Guidance : Work with financial advisors to develop comprehensive retirement plans tailored to individual needs and longevity expectations. Also look and see what a Reverse Mortgage can help with as well Didier Malagies nmls212566 DDA Mortgage nmls324329