Lock the mortgage rate

[Andy Wilson]

Hi BP,

I locked the refi rate from bank A and I found the rate got much lower than that. Bank B offered even better rate than bank A. I did not sign anything yet but just spoke with them by emails. In this case, am I still obligated to work with A because I locked the rate? Or do I still have an option to work with the other bank that offers a better deal?

I asked the banker to lock the rate and if he finds better rate, lock again, but he has never done that... Am I expecting too much from the banker?

Thank you