{"id":137,"date":"2019-09-27T09:44:44","date_gmt":"2019-09-27T09:44:44","guid":{"rendered":"http:\/\/wp2.medialink.me\/?p=4073"},"modified":"2019-09-27T09:44:44","modified_gmt":"2019-09-27T09:44:44","slug":"what-is-a-rate-lock","status":"publish","type":"post","link":"https:\/\/cloud.titletapsites.com\/lonestartitle\/2019\/09\/27\/what-is-a-rate-lock\/","title":{"rendered":"What Is A Rate Lock?"},"content":{"rendered":"<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%;\"><iframe loading=\"lazy\" src=\"https:\/\/fast.wistia.net\/embed\/iframe\/wfnbyuog9b?dnt=1&#038;videoFoam=true\" title=\"What Is A Rate Lock? Video\" allowtransparency=\"true\" frameborder=\"0\" scrolling=\"no\" class=\"wistia_embed\" name=\"wistia_embed\" allowfullscreen mozallowfullscreen webkitallowfullscreen oallowfullscreen msallowfullscreen width=\"100%\" height=\"100%\"><\/iframe><\/div>\n<\/div>\n<p><script src=\"https:\/\/fast.wistia.net\/assets\/external\/E-v1.js\" async><\/script><\/p>\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>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 increases [&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-137","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? - El Paso, TX, Juarez, MX, Sunland Park, NM | Lone Star Title Company of El Paso, Inc.<\/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\/lonestartitle\/2019\/09\/27\/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? - El Paso, TX, Juarez, MX, Sunland Park, NM | Lone Star Title Company of El Paso, Inc.\" \/>\n<meta property=\"og:description\" content=\"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 increases [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cloud.titletapsites.com\/lonestartitle\/2019\/09\/27\/what-is-a-rate-lock\/\" \/>\n<meta property=\"og:site_name\" content=\"El Paso, TX, Juarez, MX, Sunland Park, NM | Lone Star Title Company of El Paso, Inc.\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-27T09:44:44+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\\\/lonestartitle\\\/2019\\\/09\\\/27\\\/what-is-a-rate-lock\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cloud.titletapsites.com\\\/lonestartitle\\\/2019\\\/09\\\/27\\\/what-is-a-rate-lock\\\/\"},\"author\":{\"name\":\"designonetest\",\"@id\":\"https:\\\/\\\/cloud.titletapsites.com\\\/lonestartitle\\\/#\\\/schema\\\/person\\\/a4783b73e57a8149d3184797d088a4c7\"},\"headline\":\"What Is A Rate Lock?\",\"datePublished\":\"2019-09-27T09:44:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cloud.titletapsites.com\\\/lonestartitle\\\/2019\\\/09\\\/27\\\/what-is-a-rate-lock\\\/\"},\"wordCount\":197,\"commentCount\":0,\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/cloud.titletapsites.com\\\/lonestartitle\\\/2019\\\/09\\\/27\\\/what-is-a-rate-lock\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cloud.titletapsites.com\\\/lonestartitle\\\/2019\\\/09\\\/27\\\/what-is-a-rate-lock\\\/\",\"url\":\"https:\\\/\\\/cloud.titletapsites.com\\\/lonestartitle\\\/2019\\\/09\\\/27\\\/what-is-a-rate-lock\\\/\",\"name\":\"What Is A Rate Lock? - El Paso, TX, Juarez, MX, Sunland Park, NM | Lone Star Title Company of El Paso, Inc.\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cloud.titletapsites.com\\\/lonestartitle\\\/#website\"},\"datePublished\":\"2019-09-27T09:44:44+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/cloud.titletapsites.com\\\/lonestartitle\\\/#\\\/schema\\\/person\\\/a4783b73e57a8149d3184797d088a4c7\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/cloud.titletapsites.com\\\/lonestartitle\\\/2019\\\/09\\\/27\\\/what-is-a-rate-lock\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/cloud.titletapsites.com\\\/lonestartitle\\\/2019\\\/09\\\/27\\\/what-is-a-rate-lock\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/cloud.titletapsites.com\\\/lonestartitle\\\/2019\\\/09\\\/27\\\/what-is-a-rate-lock\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/cloud.titletapsites.com\\\/lonestartitle\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What Is A Rate Lock?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/cloud.titletapsites.com\\\/lonestartitle\\\/#website\",\"url\":\"https:\\\/\\\/cloud.titletapsites.com\\\/lonestartitle\\\/\",\"name\":\"El Paso, TX, Juarez, MX, Sunland Park, NM | Lone Star Title Company of El Paso, Inc.\",\"description\":\"Lone Star Title Company of El Paso, Inc | El Paso, TX, Juarez, MX, Sunland Park, NM\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/cloud.titletapsites.com\\\/lonestartitle\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/cloud.titletapsites.com\\\/lonestartitle\\\/#\\\/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\\\/lonestartitle\\\/author\\\/designonetest\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What Is A Rate Lock? - El Paso, TX, Juarez, MX, Sunland Park, NM | Lone Star Title Company of El Paso, Inc.","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\/lonestartitle\/2019\/09\/27\/what-is-a-rate-lock\/","og_locale":"en_US","og_type":"article","og_title":"What Is A Rate Lock? - El Paso, TX, Juarez, MX, Sunland Park, NM | Lone Star Title Company of El Paso, Inc.","og_description":"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 increases [&hellip;]","og_url":"https:\/\/cloud.titletapsites.com\/lonestartitle\/2019\/09\/27\/what-is-a-rate-lock\/","og_site_name":"El Paso, TX, Juarez, MX, Sunland Park, NM | Lone Star Title Company of El Paso, Inc.","article_published_time":"2019-09-27T09:44:44+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\/lonestartitle\/2019\/09\/27\/what-is-a-rate-lock\/#article","isPartOf":{"@id":"https:\/\/cloud.titletapsites.com\/lonestartitle\/2019\/09\/27\/what-is-a-rate-lock\/"},"author":{"name":"designonetest","@id":"https:\/\/cloud.titletapsites.com\/lonestartitle\/#\/schema\/person\/a4783b73e57a8149d3184797d088a4c7"},"headline":"What Is A Rate Lock?","datePublished":"2019-09-27T09:44:44+00:00","mainEntityOfPage":{"@id":"https:\/\/cloud.titletapsites.com\/lonestartitle\/2019\/09\/27\/what-is-a-rate-lock\/"},"wordCount":197,"commentCount":0,"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cloud.titletapsites.com\/lonestartitle\/2019\/09\/27\/what-is-a-rate-lock\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/cloud.titletapsites.com\/lonestartitle\/2019\/09\/27\/what-is-a-rate-lock\/","url":"https:\/\/cloud.titletapsites.com\/lonestartitle\/2019\/09\/27\/what-is-a-rate-lock\/","name":"What Is A Rate Lock? - El Paso, TX, Juarez, MX, Sunland Park, NM | Lone Star Title Company of El Paso, Inc.","isPartOf":{"@id":"https:\/\/cloud.titletapsites.com\/lonestartitle\/#website"},"datePublished":"2019-09-27T09:44:44+00:00","author":{"@id":"https:\/\/cloud.titletapsites.com\/lonestartitle\/#\/schema\/person\/a4783b73e57a8149d3184797d088a4c7"},"breadcrumb":{"@id":"https:\/\/cloud.titletapsites.com\/lonestartitle\/2019\/09\/27\/what-is-a-rate-lock\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cloud.titletapsites.com\/lonestartitle\/2019\/09\/27\/what-is-a-rate-lock\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/cloud.titletapsites.com\/lonestartitle\/2019\/09\/27\/what-is-a-rate-lock\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cloud.titletapsites.com\/lonestartitle\/"},{"@type":"ListItem","position":2,"name":"What Is A Rate Lock?"}]},{"@type":"WebSite","@id":"https:\/\/cloud.titletapsites.com\/lonestartitle\/#website","url":"https:\/\/cloud.titletapsites.com\/lonestartitle\/","name":"El Paso, TX, Juarez, MX, Sunland Park, NM | Lone Star Title Company of El Paso, Inc.","description":"Lone Star Title Company of El Paso, Inc | El Paso, TX, Juarez, MX, Sunland Park, NM","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cloud.titletapsites.com\/lonestartitle\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cloud.titletapsites.com\/lonestartitle\/#\/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\/lonestartitle\/author\/designonetest\/"}]}},"_links":{"self":[{"href":"https:\/\/cloud.titletapsites.com\/lonestartitle\/wp-json\/wp\/v2\/posts\/137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cloud.titletapsites.com\/lonestartitle\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cloud.titletapsites.com\/lonestartitle\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cloud.titletapsites.com\/lonestartitle\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/cloud.titletapsites.com\/lonestartitle\/wp-json\/wp\/v2\/comments?post=137"}],"version-history":[{"count":0,"href":"https:\/\/cloud.titletapsites.com\/lonestartitle\/wp-json\/wp\/v2\/posts\/137\/revisions"}],"wp:attachment":[{"href":"https:\/\/cloud.titletapsites.com\/lonestartitle\/wp-json\/wp\/v2\/media?parent=137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cloud.titletapsites.com\/lonestartitle\/wp-json\/wp\/v2\/categories?post=137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cloud.titletapsites.com\/lonestartitle\/wp-json\/wp\/v2\/tags?post=137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}