VA Refinance Problem

[Benjamin Tighe]

I am going through a cash out refi on my home. My rate lock expired a couple days before the appraisal came back. No  In that time the loan officer I was working has been replaced. Interest rates have also come down. The lender wants to charge me almost $1200 to extend the rate lock or they can offer a slight increase for no cost. I was locked in at 3.375, they are pitching me 3.5 without a fee, but now offer 3.25 with the recent rate drop. I'm out the $800 for the appraisal but my question to them is why wouldn't I just reapply all together with the lower rate available and appraisal in hand?