Locking in Your Mortgage Interest Rate: What You Need to Know #mortgagerate #lockingininterestrate #

Can I lock in my mortgage interest rate? Yes, you can lock in your mortgage interest rate, but most lenders want you to wait at least until you're 30 days out from your closing date. Otherwise, you typically have to pay. In a market where those interest rates are up and down and very volatile, we always, always recommend talk to your loan officer. It might be beneficial to lock that interest rate. Some cases, lenders are even offering a 12-month lock period right now.

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