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Reply #16: I would think that if the locked in rate is [View All]

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SheilaT

(1000+ posts) Send PM | Profile | Ignore

Fri Jul-29-11 10:19 PM
Response to Reply #9

16. I would think that if the locked in rate is

good until the closing date, it will remain good. That's the whole point of locking in a rate.

Locking in the rate is always a bit nerve-wracking, because you don't want to do it too soon and miss out on a lower rate, nor wait too long and have it jump up on you.

In any event, talk to your realtor and see if she knows the likelihood of a jump in the rate, and if so, the likelihood of your sale not happening.

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