Mortgage Rate Lock in Phoenix AZ— Lock In Today's Rate Before It Moves
Rates move every day. Once you've found a home or decided to refinance, a rate lock holds today's rate while we close. If rates spike during your closing, the lock protects you. I'll tell you when to lock and for how long.
- 10+ Years Experience
- License NMLS# 1455718
- $500M+ in Loan Volume Closed
- Backed by the Nation's #1 Mortgage Brokerage
When You Need Mortgage Rate Lock
Rate locks matter once you're under contract on a home or you've decided to move forward with a refinance. Without a lock, your rate floats with the market — if rates jump before closing, your payment jumps with them. Locks usually last 30, 45, or 60 days depending on how long the close will take. Longer locks cost slightly more. The right time to lock is right after the appraisal is ordered, because that's when the loan timeline gets clear.
Our Mortgage Rate Lock Process
Here's how rate locks work with me. Once we're moving toward closing, I watch the market daily. When rates dip or look like they're about to move higher, I'll text or call you to recommend locking. You say yes, and I lock the rate within hours. From that point on, your rate is set regardless of what the market does. I'll tell you exactly when the lock expires and what happens if closing runs long (it almost never does with my process).
Mortgage Rate Lock Cost in Phoenix
Standard 30 to 45 day locks are usually free. Longer locks (60+ days) sometimes carry a small fee. Rate buy-downs (paying upfront to lower the rate) cost more but lock in the savings for the life of the loan. I'll show you the math and let you decide what makes sense.
Why Choose Us
Knowing when to lock is half the battle. I watch the bond market and rate sheets daily. Ten years in the business and 50-plus five-star reviews. Same-day response on every call and text. I'll never let your rate float when the smart move is to lock.
Ready to Get Started?
Ready to lock in today's rate? Call or text Mark at (480) 690-9790 and we'll get it done.
For more rate tools, see all of our Mortgage Lender services in Phoenix.