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Rate lock advice please

Looking to hopefully get contract accepted this week. (It’s looking good but you never know…)

With the FED possibly raising rates on May 1st/2nd(?), but also rates being slightly high this week because of the bonds from SVB being dumped… would you try to lock the rate before the FED announces? Closing would be last week of June. We have until then to lock.

I know no one has a crystal ball. It’s just an odd feeling to want to lock in high-ish rates on day of signed contract with a months of possibility. Would love your thoughts on this. Thanks! Also- is there any chance or fee structure where we could change our minds once during that window? I haven’t heard of that but curious.

submitted by /u/7askingforafriend
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source https://www.reddit.com/r/RealEstate/comments/12xbac4/rate_lock_advice_please/
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