Mortgage Blog

is that the borrowers will ask the lower rates when the market rate is lower even when the rate already locked, sometimes the loan is ready for the signoff.

I think I repeated a few times. The rate locked is L-O-C-K-E-D. We will not float down. You can certianly work with another loan agent for any lower rates.

My question is the same as before: what are you going to do if the rate is 0.125% lower again?

Also, for the past a few years, when you "cancel" a loan, or switch a lender, do you find out that you just waste the time? Since the rate you siwtched to is still not the lowest rate, but you spend twice or more time on the one transaction?

Sorry, the "You" here is not for you guys. Just for less than 1% of the people who do not play the game by the rules. Or at least not by my rules. If in that case, then "you" will pay it with another player next time.