Updated about 3 years ago on . Most recent reply
Lender Unable To Lock Loan
Hi BP Community,
1st time home buyer currently in escrow.
5 days ago lender suggested to lock rate at 5.99%, which we agreed to lock it in at that rate.
Received a notice today that rate was unable to be locked due to fluctuations in market. Now rate is higher and about 2.5 more weeks till escrow closes.
Looking to see if this has happened or can occur and options we have moving forward.
Appreciate your thoughts.