Learned a lot about the process while property is under contract (coordinating home inspections, appraisals, getting documentation to the lender, etc) I should have locked in my interest rate two weeks ago before they shot up recently!

Quote from @Marc Lock: I know this is a difficult claim and has been posted before but I haven't seen any posts with the following specifics:Taxpayer (aka TP) is a W-2 employee for real estate company that develops and owns/operates mostly multifamily and some commercial spaces. 

What is their rate lock policy?

Syndications are interesting but the risks for someone new like myself and the amount of time my capital would be locked up isn't right for me at this point.

It doesn't have ANY name its a business checking with a business name.   2) Once they suspend one account they lock everything down even her own BofA. 

We lock in around 10 deals monthly right now and growing.

Housing prices in two of our larger cities (Vancouver and Toronto) are also crazy high (eg $1M to buy a starter home)...actually in Vancouver proper at the moment the cheapest home (single family, not strata) is $1.2M...surprisingly (to me) in Toronto the cheapest home on the market is $650K (ignoring some listed for $1 as clearly there is a catch).Our mortgages work differently than in the US, and what we get for rates are only locked in for 1-5 years (typically) and then we have to renew at whatever the current rates are. 

I'm making the bet after 3yrs rates will be low enough to make sense to refinance  Why won't it be smarter to buy the interest rate down and lock in a lower interest rate now.

But should I get copies of the keys or replace all the locks?

5yr ust is 380bps the spread seems more than fair I like the 5yr lock but just personal preference