• Can I lock the Rate: daily marketing jumpstart

  • Sep 24 2024
  • Length: 1 min
  • Podcast

Can I lock the Rate: daily marketing jumpstart

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  • Summary

  • This Tuesday's tip is all about interest rates! If you're a prospective home buyer, understanding when to lock in your interest rate is crucial. Typically, you can lock your rate once you are under contract and have a clear closing date. However, avoid locking in if your contract is contingent upon selling your current home, as the exact closing date might be uncertain.

    A good rule of thumb is to lock your interest rate when you have a property address and a scheduled closing date. This ensures you're securing the best rate at the right time. Utilize the provided graphic in your toolkit to share this information on social media, helping others navigate the home buying process. Happy posting and good luck!
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