08/25/2026
🔒 What Is a Mortgage Rate Lock?
A rate lock can protect your interest rate from market increases while you work toward closing on your home.
When your rate is locked, your lender agrees to hold that rate for a specific period of time—so if rates rise, your locked rate generally stays the same during the lock period.
📈 Rates go up? Your locked rate is protected.
🏡 Ready to move forward? You can close with more payment certainty.
Rate locks can have different terms, conditions, and expiration rules, so it’s important to understand your options before locking in.
Thinking about buying a home? Let’s talk about your mortgage strategy.