When.com Web Search

Search results

1. Results From The WOW.Com Content Network

2. Mortgage rate locks: What they are, how they work - AOL

   www.aol.com/finance/what-is-mortgage-rate-lock...

   If borrower rates decrease during your rate lock period, you can "float down" to the lower interest rate. This feature usually comes with a fee that can range from 0.25% to 1% of your mortgage ...

3. Mortgage rate lock: What it is and when you should use one - AOL

   www.aol.com/finance/mortgage-rate-lock-one...

   For example, if your lender locks in your rate at 6.68 percent for 45 days and rates jump up toward 7 percent within that period, you’ll still get your loan at the lesser rate.

4. How to avoid mortgage rate lock extension fees - AOL

   www.aol.com/finance/avoid-mortgage-rate-lock...

   If you were to get a loan estimate for a $400,000 mortgage at 6.8 percent, for example, the lender might allow you to lock in that mortgage rate for up to 30 days. As long as the transaction ...

5. The lock-in effect is keeping homes off the market. How long ...

   www.aol.com/finance/lock-effect-keeping-homes...

   Lock-in effect vs. locking a mortgage rate. ... If rates fell to 4.5 percent, borrowing $400,000 would cost $2,027 a month – $231 a month in added borrowing costs, an amount that might be modest ...

6. How to refinance your ARM into a fixed-rate mortgage - AOL

   www.aol.com/finance/refinance-arm-fixed-rate...

   Type. Fixed period. Adjustment frequency. What this means. 5/1 ARM. 5 years. Once per year. Rate locked for 5 years, then adjusts every 12 months. 7/6 ARM. 7 years

7. Mortgage and refinance rates for Jan. 3, 2025: Average rates ...

   www.aol.com/finance/mortgage-and-refinance-rates...

   Rates on a 15-year mortgage stand at an average 6.28% for purchase and 6.34% for refinance, down 7 basis points from 6.35% for purchase and 1 basis point from 6.35% for refinance over the past week.