Rate Lock Fee
A rate lock guarantees your rate for a set period. Many lenders include short locks for free.
- Typical range
- up to $500
- Category
- Origination
- Negotiable
- Usually negotiable
Common problems with the Rate Lock Fee
- Charged for a standard 30–45 day lock that is usually free
- Extended-lock fee not disclosed upfront
How to check this fee on your Closing Disclosure
Find this line item on page 2 of your Closing Disclosure. Compare the amount to the typical range, and check whether it duplicates another fee. If it is above range or a junk fee, raise it with your lender before you close — you have a 3-business-day review window.
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For informational purposes only. Not legal, tax, or medical advice.