09/25/2026
Thinking about locking your mortgage rate?
Here's the simple version for King and Snohomish County buyers:
A rate lock freezes the interest rate your lender quoted for a set window (often 30–60 days) while you wait to close. If rates rise after you lock, you're protected. If rates fall, you usually keep the locked rate unless your loan has a float-down option.
Before you lock, ask your lender:
• How many days is the lock?
• What does an extension cost if closing slips?
• Is a float-down available?
Lock when you're under contract and the window fits your closing timeline—not because a headline spooked you.
Buying in King or Snohomish County? More practical tips at odigoclub.com