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Updated about 9 years ago,

Gloria Mirza's profile image
Gloria Mirza's profile image
Gloria Mirza
  • Real Estate Agent
  • from San Jose, California
  • Member since Dec 18, 2015
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172
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66
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Gloria Mirza's profile image
Gloria Mirza's profile image
Gloria Mirza
  • Real Estate Agent
  • from San Jose, California
  • Member since Dec 18, 2015
Connect
Gloria Mirza
  • Real Estate Agent
  • San Jose, CA
66
Votes |
172
Posts
Private Lending & Conventional Mortgage Advice

Rate lock expired, what are my options

Gloria Mirza
  • Real Estate Agent
  • San Jose, CA
Posted

I'm purchasing a house and my 30 day rate lock has expired.  Currently the rate is about 4.125 and I locked at 4.25%.  The lender says that they locked me again at 4.25 but I never asked for that.  What are my options?  Is it fair for me to insist on getting a new lock at todays rate?  We should close by this Friday and they are going to draw docs tomorrow.

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