We just locked into an interest rate for our new house. Closing will not be until the end of February, but interest rate was lower today than yesterday. When I bought my first house I spent several weeks checking the interest rate daily before locking in. Rates are lower now than my parents ever paid for a house. Rates were even lower when we first started this whole mortgage process. Maybe we will regret locking in today when it is still awhile until our closing. Hopefully we'll be glad that we locked in today when interest rates rise.