This past month, lenders have been allowing Long-term rate locks. They are now allowing interest rates on new loans to be locked-in (guaranteed) for up to 120 days. These lock terms were changed to allow up to 60 days only, a few years ago. This is another sign of some softening in the mortgage market.
Andy Williams
President
Abacus Regional Mortgage nmls#118317
484 695 5972
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