When should you lock your interest rate?
Locking your interest rate means that the rate has a guaranteed commitment from the bank for a specific period of time. A typical rate lock period is 30 or 45 days, however rate lock intervals can range from 7 to 120 days.

Due to the nature of capital markets, the shorter the period of time you choose for the rate to be locked: the better the terms will be for you. In other words, the pricing on a 30 day rate lock is better than a 45 day commitment.

So the question as to when to lock your rate is naturally a component of the time it will take to close on your purchase or refinance with respect to the current rate trend. Because the market changes from day to day, there is always an element of the unknown in terms of what will happen in the future.

That said, if you are happy with the current terms available; then you should definitely consider locking the interest rate of your choice. If you are uncertain, we can discuss your options and provide industry insight to assist with your choices.

We are able to lock the interest rate on your loan until 6:00 PM PST

Call us now to lock your loan: 619.623.0633

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Loan approval is not guaranteed and is subject to lender review of information. Loan is only approved when lender has issued approval in writing. Specified rates may not be available for all borrowers. Rate subject to change with market conditions. This licensee is performing acts for which a real estate license is required. C2 Financial is licensed by the California Bureau of Real Estate: Broker # 01821025. NMLS # 135622. California Bureau of Real Estate #01326712, NMLS #84095. Oregon Division of Financial Regulation License #4917 and #84095, Washington Department of Financial Institutions License #MB- 135622 and #MLO-84095, Colorado Department of Regulatory Agencies MLO License #100508568, Florida Office of Financial Regulation License #MBR 487 and #LO47057. *Closing costs are paid with additional yield spread premium which is the revenue paid to a mortgage broker for providing a borrower with a higher interest rate on a mortgage loan in exchange for lower up front costs.
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Christopher Murphy - Loan Consultant
BRE License #01326712
NMLS License #84095