When to Lock in Your Mortgage Refinance Rate


Locking in your mortgage refinance rate is a gamble that could save or cost you money. Knowing when to lock or when to float your mortgage rate can be a difficult decision. Here’s an article by Dan Green at TheMortgageReports.com with some insight on when locking your mortgage refinance rates is a good idea:

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When it comes to shopping for mortgage rates, to paraphrase Doris Day, que sera, sera; whatever will be with mortgage rates will be. Rates are a function of Wall Street. They’re beyond our control. However, there are ways to make sure you’re getting the lowest rate possible.

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Getting the lowest refinance rates in today’s economy isn’t difficult; however, getting a good deal on your mortgage refi depends on the fees you pay at closing. Overpaying the loan origination fee and other lender fees are common mortgage mistakes your neighbors make and can cost you thousands of dollars.

You can learn more about avoiding unnecessary fees and markup when shopping for the best refinance companies by checking out my free Underground Mortgage Refinancing Videos.

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{ 1 comment… read it below or add one }

Greg Bokoch June 14, 2013 at 7:39 am

Mortgage lender has delayed closing 4 times. Application was made the 1st of November,2012 and has failed to go through for various reasons on the part of the lender. Latest closing was scheduled for May 24,2013 and was cancelled hours before signing due to need to verify property taxes. Now the 2.5% rate lock has expired and lender wants a higher rate. What recourse do I have and where should I file complaints?

greg bokoch


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