Locking in a mortgage rate

September 6, 2010 Economics, Investing, Law & Ethics, News, Other - Business & Finance, Other - Taxes, Renting & Real Estate

When is the timing right to lock in your mortgage rate? With a rate lock, lenders are obligated to offer a home loan at an agreed-upon rate regardless of whether mortgage rates have changed between the time of the loan approval and the closing date.

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Locking in a mortgage rate

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