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loan expiration

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adayspa Joined: 11 Nov 2010 Posts: 4 1.85 Dollars($)	Posted: Sat May 21, 2011 11:59 am    Post subject: loan expiration Like 0 Dislike 0 How long can I lock in a certian rate untill it expires for a refinance? The loan people say when it expires it would go up a 1/4 of a percent?
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Sun May 22, 2011 9:35 pm    Post subject: Like 0 Dislike 0 Hi adayspa! Welcome to forums! The rate lock period will be told to you by your lender. Normally, there is a 30 days rate lock period. Once the rate lock period expires, you'll have to go for the rate as available in the market. Feel free to ask if you've further queries. Sussane

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