In the current home buying market where rates could drop, you’ll likely want to wait until you accept a loan agreement to lock in your rate, and then opt for the shortest rate lock possible.

andresr/Getty Images A loan lock is an agreement between a borrower and a lender that guarantees a fixed interest rate on a mortgage for a set period, protecting the borrower from rate increases ...

A mortgage rate lock is an agreement with a lender to lock in a specified rate for a predetermined amount of time. The longer a rate is locked in, the more likely you are to pay a fee for the lock ...

Also, keep in mind that the lender can void a rate lock if certain items on your credit report or mortgage application change between the time of your agreement and final underwriting. The sweet ...

If you have a good credit score and a clean credit history, now could be the smart time to lock in a low rate. Should rates drop materially in the future, homeowners could always refinance then.

The “Trump trade” is likely to keep rates for home loans rising, despite the Federal Reserve's Thursday rate cut, experts say. That means that anyone looking to buy a home or lock in a lower ...