May 2, 2023 · A lock-in or rate lock on a mortgage loan means that your interest rate won’t change between the offer and closing, as long as you close within the specified time frame and there are no …

Dec 17, 2025 · Locking in one of today's lower mortgage rates may make sense, experts say, but there are some items to know first.

Sep 22, 2024 · To make sure the rate you pay is the best rate you can get, you need to lock in that magic number with a mortgage rate lock. We'll show you how this tool can help you save money on …

2 days ago · By locking in a rate, you and your mortgage lender agree to a fixed interest rate that remains steady throughout the loan’s underwriting and closing period.

Aug 12, 2025 · A mortgage rate lock keeps the interest rate on the loan from changing for a certain period of time, ensuring you won’t pay more if rates rise before you finalize the loan.

Dec 30, 2022 · Locking in a mortgage rate means that you are securing a specific interest rate on your home loan for a specific period of time, usually 30 to 60 days. This protects you from potential …

May 3, 2025 · A mortgage rate lock is when your lender agrees to keep your interest rate the same until you close on the home. Rate lock-in periods typically range from 30 to 60 days.

Jul 24, 2024 · Typically, short-term rate locks (those less than 60 days) are free or cost roughly up to about 0.25 - 0.50 percent of the total loan, or a few hundred dollars.

Jun 16, 2025 · A rate lock-in is an agreement between you and your lender. It guarantees that the interest rate you’re offered won’t change for a set amount of time — even if rates go up before you …

Jan 24, 2025 · Once you’ve shopped around and found the best interest rate for your home loan, there’s one more important step to take: getting a mortgage rate lock. Also known as a “lock-in,” this is a …