The guarantee of a specific interest rate and/or points for a specific period of time. Some lenders may charge a fee for locking in an interest rate.
Pages on the site that refer to rate lock
What happens and when
purchase
> homebuyer's guide
> step 6
Fixed vs. adjustable rates
purchase
> homebuyer's guide
> step 2
Homebuying?
Refinancing?
"My Chase Loan Specialist took the time to help me understand all the numbers"
– Joseph S.
