09/03/2026
Ever wonder what happens if mortgage rates go up after you lock your rate?
A rate lock can protect your agreed-upon interest rate for a specific period while your loan moves toward closing.
Just remember, a rate lock has an expiration date, and the terms can vary by lender and loan.
Buying a home? Ask about your rate-lock options before you lock in. 🏡
Follow for more simple mortgage terms and tips.