An interest rate lock agreement will include the rate, the type of loan (such as a 30-year fixed-rate mortgage), the date the lock will expire and any points you might be paying toward the loan.

Lenders need to look at your income, assets, credit, and debt before qualifying you for a mortgage ... the process of submitting paperwork to process your loan can feel laborious in today's ...

Editor’s note: In March 2025, Rocket Mortgage announced a “definitive agreement” to acquire the ... Most home equity loan interest rates are affected by the movement of a base rate called ...