Should I purchase a rate lock?

[Ruben Reed]

Hello everyone. I need advice concerning rate locks. I understand the purpose of them but I don’t they are always necessary. I have suspicion that my lender is trying to get me to spend more money. He’s charging me $2400 for the rate lock. However my closing is on May 30th. I could be wrong but I feel that’s a bit too much to charge. Im no expert and that’s why I’m seeking advice here. My interest rate is high due to my recovering credit score so it’s not like I have a low rate to protect anyway. Any advice would be appreciated thanks.