At Third Federal, you automatically receive a 60-day commitment that locks in your interest rate from the date that you apply. If the rate goes up before closing, you will retain the rate you obtained at the time of application. If the interest rate goes down, you can revise to the new lower rate by paying a non-refundable revision fee at least ten days before closing
What if mortgage rates change before I close on my home loan? Print
Modified on: Fri, 21 Feb, 2020 at 1:42 PM
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