What does an interest-rate lock cover?

Borrower confused over last-minute lender fees
Published on Jul 12, 2004

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

“I locked my 30-year fixed-rate mortgage at 5.5 percent and 1 point, but at closing I was dunned for $2,800 in lender fees of various types that had never appeared on the Good Faith Estimate. Why didn’t the lock protect ...