Home > Term: rate lock
rate lock
An agreement between the mortgage banker and the loan applicant guaranteeing a specified interest rate for a designated period, usually 60 days.
- Del af tale: noun
- Branche/domæne: Financial services
- Category: General Finance
- Company: Bloomberg
0
Ophavsmand
- Jessehe
-
(V.I.P) 32013 points - 40.13% positive feedback
