Rate locks explained: length, extensions and the fine print
Lock fees
Lock note
Many standard locks are built into pricing with no separate fee, but longer locks, extensions and relocks often cost extra, either as a fee or as worse pricing. The lock agreement and your Loan Estimate should show any charges. Ask about extension costs before you lock.
Last reviewed against the primary sources listed below.
Ask about
- The cost of each lock length.
- Extension fees.
- Refunds if the loan does not close.
Rate lock questions
Is there a fee to lock a mortgage rate?
Sometimes; longer locks and extensions often cost more.
Where do I see lock fees?
In the lock agreement and on your Loan Estimate.