Frequently Asked Questions (FAQs)

Home loan rates are subject to change daily, and even multiple times a day in some cases. When you lock in your mortgage rate, you are saying “I choose the rate that’s in effect right now.” This can protect you from an increase in the rate between now and closing, but may also prevent you from getting a lower rate if interest rates drop before closing. It’s always a good idea to talk to our Home Loan Guides before locking in your rate.