You can "lock in" the current interest rate for a set length of time, usually 30, 45 or 60 days. By "locking in" a rate the interest rate is locked and if interest rates increase, your "locked in" rate will not change. To lock an interest rate, you must enter into a written agreement with your Lender.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). lockable. Retrieved September 24, 2026, from http://smartdefine.org/lockable/definitions/1157488 |
| Chicago | Barry Goldsmith. 2010. "lockable" http://smartdefine.org/lockable/definitions/1157488 (accessed September 24, 2026). |
| Harvard | Barry Goldsmith 2010, lockable, Smart Define, viewed 24 September, 2026, <http://smartdefine.org/lockable/definitions/1157488>. |
| MLA | Barry Goldsmith. "lockable" 21 October 2010. Web. 24 September 2026. <http://smartdefine.org/lockable/definitions/1157488> |