When’s the best time to lock in a mortgage rate?
September 3, 2010 Credit, Investing, News, Personal Finance, 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. Consumers looking for a mortgage who find a great rate typically choose to lock it in for a specified period of time
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When’s the best time to lock in a mortgage rate?
