Do lenders have to lock in your rate before appraisal?
No, usually you can lock in the rate at a later point by floating the interest rate with the lender. By floating you are subject to market fluctuations which means the rate could go up, down or stay the same. I am only licensed in CT. Michael A. Kirkutis, CT DOB NMLS #111599, MAK Mortgage Company, Inc., CT DOB...