How do mortgage rate locks work?

A rate lock freezes your interest rate for a set window — commonly 30, 45, or 60 days — protecting you if the market rises before closing. Once locked, your rate won't change as long as you close in time and your file doesn't materially change.

Longer locks cost a bit more, and most Florida purchase contracts close well within a 45-day lock. We watch the market with you and lock at the right moment so you're protected without overpaying for time you don't need.

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