Can I adjust my mortgage rate after I lock?

You would have to break your lock and an additional fee will normally apply. Have your Loan officer or broker check the rate lock guidelines for the bank that you're using.

Yes and No. Generally speaking... Most lenders will allow you to change the rate, but only based on the rates available from day you actually locked it. You will not be able to change the lock to a different day. www.Mortgage-Rochester.net

Joe's answer is accurate. Most lenders allow adjustments from the date of lock, but will not allow you to re-lock at current market conditions.

It depends on your lender. You can always let your lock expire.

Generally you can adjust your rate after you lock your loan, however the rate that you change it to will be based on the rates from the day you originally locked.