Lock In Your Loan A lock-in is a lender’s promise to hold an interest rate and points for a specified period of time. Depending on the lender, you will lock in the interest rate and number of points you agree to pay either at time of application, during processing of the loan, at time of …
Real Estate Trends In many large cities, home prices have outpaced income at an incredible rate. In Miami, for example, incomes have risen 16 percent, while home prices have increased 58 percent since early 1998. Boston home prices have gone up 89 percent, while incomes have increased only 22 percent. Even with a downturn in …
