11/15/2021
Mortgage interest rates can change daily, even hourly.
A rate lock freezes your interest rate until your closing date, as long as there are no changes to your loan and you close on your home within your specific time frame. A lower locked rate can protect you from market fluctuations. Rate locks are typically available for 30, 45, or 60 days.
Ask us about your what your lock agreement options may be!