Tag Archive for: rate locks

Rate Locks – How They Work; Who Pays; Wells Fargo

Wells Fargo Rate Lock Extensions Suit Wells Fargo was sued in 2017 for charging borrowers for “lock extensions” even though the delays that fostered the need for the lock extensions […]Read More

Rate Locks Cost Lenders Money; Explained

We had a borrower lock in a Jumbo refi on Tuesday and then yesterday when rates fell, he insisted that our investor give him a lower rate. If rates had […]Read More