{"id":192,"date":"2018-02-22T19:35:05","date_gmt":"2018-02-22T19:35:05","guid":{"rendered":"http:\/\/wp2.fastforwardstories.com\/?p=4073"},"modified":"2018-02-22T19:35:05","modified_gmt":"2018-02-22T19:35:05","slug":"what-is-a-rate-lock","status":"publish","type":"post","link":"https:\/\/cloud.titletapsites.com\/assuredtitleservices\/2018\/02\/22\/what-is-a-rate-lock\/","title":{"rendered":"What Is A Rate Lock?"},"content":{"rendered":"<p><script src=\"https:\/\/fast.wistia.com\/assets\/external\/E-v1.js\" async><\/script><\/p>\n<div class=\"wistia_responsive_padding\" style=\"padding:56.25% 0 28px 0;position:relative;\">\n<div class=\"wistia_responsive_wrapper\" style=\"height:100%;left:0;position:absolute;top:0;width:100%;\">\n<div class=\"wistia_embed wistia_async_e22kwal7ec videoFoam=true\" style=\"height:100%;width:100%\">&nbsp;<\/div>\n<\/div>\n<\/div>\n<p>  Mortgage rates change constantly through an unpredictable combination of government policies and economic conditions. This video explains the common term &#8216;rate lock.&#8217;<\/p>\n<p>A \u201cRate Lock\u201d is a guarantee that a lender will honor a <span style=\"text-decoration: underline\">specific<\/span> combination of interest rates and points<span style=\"text-decoration: underline\"> for a given period of time<\/span>. A lock protects a buyer from rate increases but commits them to a higher rate if mortgage rates fall below the locked rate.<\/p>\n<p>As of 2014, rate locks aren\u2019t usually an option until a purchase offer for a specific property &#8211; new-home or resale &#8211; has been accepted by the seller. The borrower\u2019s credit score, the loan-to-value ratio property type, location and other factors plus, of course, market rates and market conditions will also affect rate-lock decisions.<\/p>\n<p>Decide whether to lock or \u201cfloat\u201d based on your capacity for risk and your best rational knowledge about construction and closing schedules. If your rate lock expires an extension might be available but both you and the lender will be looking at current mortgage rates to decide the best option.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Mortgage rates change constantly through an unpredictable combination of government policies and economic conditions. This video explains the common term &#8216;rate lock.&#8217; A \u201cRate Lock\u201d is a guarantee that a lender will honor a specific combination of interest rates and points for a given period of time. A lock protects a buyer from rate [&hellip;]<\/p>\n","protected":false},"author":37,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-192","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What Is A Rate Lock? - Assured Title Services, LLC<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cloud.titletapsites.com\/assuredtitleservices\/2018\/02\/22\/what-is-a-rate-lock\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Is A Rate Lock? - Assured Title Services, LLC\" \/>\n<meta property=\"og:description\" content=\"&nbsp; Mortgage rates change constantly through an unpredictable combination of government policies and economic conditions. This video explains the common term &#8216;rate lock.&#8217; A \u201cRate Lock\u201d is a guarantee that a lender will honor a specific combination of interest rates and points for a given period of time. A lock protects a buyer from rate [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cloud.titletapsites.com\/assuredtitleservices\/2018\/02\/22\/what-is-a-rate-lock\/\" \/>\n<meta property=\"og:site_name\" content=\"Assured Title Services, LLC\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-22T19:35:05+00:00\" \/>\n<meta name=\"author\" content=\"designonetest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"designonetest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cloud.titletapsites.com\\\/assuredtitleservices\\\/2018\\\/02\\\/22\\\/what-is-a-rate-lock\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cloud.titletapsites.com\\\/assuredtitleservices\\\/2018\\\/02\\\/22\\\/what-is-a-rate-lock\\\/\"},\"author\":{\"name\":\"designonetest\",\"@id\":\"https:\\\/\\\/cloud.titletapsites.com\\\/assuredtitleservices\\\/#\\\/schema\\\/person\\\/a4783b73e57a8149d3184797d088a4c7\"},\"headline\":\"What Is A Rate Lock?\",\"datePublished\":\"2018-02-22T19:35:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cloud.titletapsites.com\\\/assuredtitleservices\\\/2018\\\/02\\\/22\\\/what-is-a-rate-lock\\\/\"},\"wordCount\":198,\"commentCount\":0,\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/cloud.titletapsites.com\\\/assuredtitleservices\\\/2018\\\/02\\\/22\\\/what-is-a-rate-lock\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cloud.titletapsites.com\\\/assuredtitleservices\\\/2018\\\/02\\\/22\\\/what-is-a-rate-lock\\\/\",\"url\":\"https:\\\/\\\/cloud.titletapsites.com\\\/assuredtitleservices\\\/2018\\\/02\\\/22\\\/what-is-a-rate-lock\\\/\",\"name\":\"What Is A Rate Lock? - Assured Title Services, LLC\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cloud.titletapsites.com\\\/assuredtitleservices\\\/#website\"},\"datePublished\":\"2018-02-22T19:35:05+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/cloud.titletapsites.com\\\/assuredtitleservices\\\/#\\\/schema\\\/person\\\/a4783b73e57a8149d3184797d088a4c7\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/cloud.titletapsites.com\\\/assuredtitleservices\\\/2018\\\/02\\\/22\\\/what-is-a-rate-lock\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/cloud.titletapsites.com\\\/assuredtitleservices\\\/2018\\\/02\\\/22\\\/what-is-a-rate-lock\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/cloud.titletapsites.com\\\/assuredtitleservices\\\/2018\\\/02\\\/22\\\/what-is-a-rate-lock\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/cloud.titletapsites.com\\\/assuredtitleservices\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What Is A Rate Lock?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/cloud.titletapsites.com\\\/assuredtitleservices\\\/#website\",\"url\":\"https:\\\/\\\/cloud.titletapsites.com\\\/assuredtitleservices\\\/\",\"name\":\"Assured Title Services, LLC\",\"description\":\"Assured Title Services, LLC | Bonita Springs, FL\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/cloud.titletapsites.com\\\/assuredtitleservices\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/cloud.titletapsites.com\\\/assuredtitleservices\\\/#\\\/schema\\\/person\\\/a4783b73e57a8149d3184797d088a4c7\",\"name\":\"designonetest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/73603936c2988c78736e13868bc844decf16748ff67280515c0cb2cce6e61a43?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/73603936c2988c78736e13868bc844decf16748ff67280515c0cb2cce6e61a43?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/73603936c2988c78736e13868bc844decf16748ff67280515c0cb2cce6e61a43?s=96&d=mm&r=g\",\"caption\":\"designonetest\"},\"url\":\"https:\\\/\\\/cloud.titletapsites.com\\\/assuredtitleservices\\\/author\\\/designonetest\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What Is A Rate Lock? - Assured Title Services, LLC","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cloud.titletapsites.com\/assuredtitleservices\/2018\/02\/22\/what-is-a-rate-lock\/","og_locale":"en_US","og_type":"article","og_title":"What Is A Rate Lock? - Assured Title Services, LLC","og_description":"&nbsp; Mortgage rates change constantly through an unpredictable combination of government policies and economic conditions. This video explains the common term &#8216;rate lock.&#8217; A \u201cRate Lock\u201d is a guarantee that a lender will honor a specific combination of interest rates and points for a given period of time. A lock protects a buyer from rate [&hellip;]","og_url":"https:\/\/cloud.titletapsites.com\/assuredtitleservices\/2018\/02\/22\/what-is-a-rate-lock\/","og_site_name":"Assured Title Services, LLC","article_published_time":"2018-02-22T19:35:05+00:00","author":"designonetest","twitter_card":"summary_large_image","twitter_misc":{"Written by":"designonetest","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cloud.titletapsites.com\/assuredtitleservices\/2018\/02\/22\/what-is-a-rate-lock\/#article","isPartOf":{"@id":"https:\/\/cloud.titletapsites.com\/assuredtitleservices\/2018\/02\/22\/what-is-a-rate-lock\/"},"author":{"name":"designonetest","@id":"https:\/\/cloud.titletapsites.com\/assuredtitleservices\/#\/schema\/person\/a4783b73e57a8149d3184797d088a4c7"},"headline":"What Is A Rate Lock?","datePublished":"2018-02-22T19:35:05+00:00","mainEntityOfPage":{"@id":"https:\/\/cloud.titletapsites.com\/assuredtitleservices\/2018\/02\/22\/what-is-a-rate-lock\/"},"wordCount":198,"commentCount":0,"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cloud.titletapsites.com\/assuredtitleservices\/2018\/02\/22\/what-is-a-rate-lock\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/cloud.titletapsites.com\/assuredtitleservices\/2018\/02\/22\/what-is-a-rate-lock\/","url":"https:\/\/cloud.titletapsites.com\/assuredtitleservices\/2018\/02\/22\/what-is-a-rate-lock\/","name":"What Is A Rate Lock? - Assured Title Services, LLC","isPartOf":{"@id":"https:\/\/cloud.titletapsites.com\/assuredtitleservices\/#website"},"datePublished":"2018-02-22T19:35:05+00:00","author":{"@id":"https:\/\/cloud.titletapsites.com\/assuredtitleservices\/#\/schema\/person\/a4783b73e57a8149d3184797d088a4c7"},"breadcrumb":{"@id":"https:\/\/cloud.titletapsites.com\/assuredtitleservices\/2018\/02\/22\/what-is-a-rate-lock\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cloud.titletapsites.com\/assuredtitleservices\/2018\/02\/22\/what-is-a-rate-lock\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/cloud.titletapsites.com\/assuredtitleservices\/2018\/02\/22\/what-is-a-rate-lock\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cloud.titletapsites.com\/assuredtitleservices\/"},{"@type":"ListItem","position":2,"name":"What Is A Rate Lock?"}]},{"@type":"WebSite","@id":"https:\/\/cloud.titletapsites.com\/assuredtitleservices\/#website","url":"https:\/\/cloud.titletapsites.com\/assuredtitleservices\/","name":"Assured Title Services, LLC","description":"Assured Title Services, LLC | Bonita Springs, FL","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cloud.titletapsites.com\/assuredtitleservices\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cloud.titletapsites.com\/assuredtitleservices\/#\/schema\/person\/a4783b73e57a8149d3184797d088a4c7","name":"designonetest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/73603936c2988c78736e13868bc844decf16748ff67280515c0cb2cce6e61a43?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/73603936c2988c78736e13868bc844decf16748ff67280515c0cb2cce6e61a43?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/73603936c2988c78736e13868bc844decf16748ff67280515c0cb2cce6e61a43?s=96&d=mm&r=g","caption":"designonetest"},"url":"https:\/\/cloud.titletapsites.com\/assuredtitleservices\/author\/designonetest\/"}]}},"_links":{"self":[{"href":"https:\/\/cloud.titletapsites.com\/assuredtitleservices\/wp-json\/wp\/v2\/posts\/192","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cloud.titletapsites.com\/assuredtitleservices\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cloud.titletapsites.com\/assuredtitleservices\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cloud.titletapsites.com\/assuredtitleservices\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/cloud.titletapsites.com\/assuredtitleservices\/wp-json\/wp\/v2\/comments?post=192"}],"version-history":[{"count":0,"href":"https:\/\/cloud.titletapsites.com\/assuredtitleservices\/wp-json\/wp\/v2\/posts\/192\/revisions"}],"wp:attachment":[{"href":"https:\/\/cloud.titletapsites.com\/assuredtitleservices\/wp-json\/wp\/v2\/media?parent=192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cloud.titletapsites.com\/assuredtitleservices\/wp-json\/wp\/v2\/categories?post=192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cloud.titletapsites.com\/assuredtitleservices\/wp-json\/wp\/v2\/tags?post=192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}