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When should we lock in?

KarenB Posted:

When should we lock in?

I am pretty sure we are looking at a mid-November close, when do we lock in?

TIA

Karen

StepherG Posted:

Re: When should we lock in?

When you know your gonna close and the rate is low - LOCK

KarenB Posted:

Re: When should we lock in?

Thanks! How long can you lock in for. All we need is for our buyer to get his SONYMA approval and we are aready. He is already approved by the bank

StepherG Posted:

Re: When should we lock in?

I would ask your Mortgage co how long you can lock for. I think it's around 60-90 days...

Also, SONYMA works kinda slow.

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