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Mortgage Rate Locks: When and How to Secure the Best Rate

December 29, 2023 by Rilian Ball

Rate locks play a crucial role in the mortgage application process, helping borrowers secure a favorable interest rate for their home loan. Here's an explanation of the importance of rate locks and when and how to secure the best rate: Interest Rate Protection: Mortgage rates are subject to market fluctuations and can change daily or even multiple times a day. Rate locks protect borrowers from potential rate increases during the loan processing period. Budgeting and Planning: Knowing the exact … [Read more...]

Filed Under: Mortgage Rates Tagged With: Mortgage, Mortgage Rates, Rate Locks

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Rilian Ball


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Rilian Ball
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