Originally Posted by Ultimatetruth
Probably should have checked this earlier but assuming your primary residence.
For a short term rate lock where you submit 1st then lock as you near end of process (I don't believe my clients should accept a higher rate because lenders aren't proply staffed). The longer the rate lock the higher the rate- always has been this way always will be this way.
4.875% with .5% broker fee and usual closing costs.
5.125% with no broker fee.