Locking your interest rate
Why timing your rate lock matters, and what it costs to wait.
A rate lock guarantees your interest rate for a set period, protecting you from increases while your loan finishes processing. Locks typically last 30–60 days and may carry a fee. Ask your lender when the right time to lock is for your timeline, since locking too early or too late can both cost you money in different ways.
This step is general educational guidance, not legal, financial, or real estate advice — your contract terms, deadlines, and local requirements always take precedence, so confirm specifics with your licensed professionals. Read our full disclaimer.