Here’s something that many probably don’t know– mortgage rates can change daily and in times of somewhat volatility, they can change during the course of a business day. This can mean getting rate information from a lender in the morning and calling back in the afternoon to lock in that rate to find rates are higher than earlier in the day. A common reaction might be to think it’s a “bait and switch” approach, but in reality, it’s the market.
Interest Rate Locks: What You Need to Know
Oct 23, 2019