What is a rate lock?

A rate lock freezes your interest rate for a set period — commonly 30, 45, or 60 days — so market moves don't change your rate before closing. Once locked, your rate holds as long as you close in time.

Longer locks cost slightly more. Most Florida purchases close within a 45-day lock. We help you time the lock to protect your rate without overpaying for extra days.

Related Mortgage Rates Questions