When a bank offers you a rate on your mortgage, it is usually good for that day only. Usually, you don?t close on the same day you are inquiring about rates, so you will have to take a chance that the rate will go up.
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By Howard Don Vincent on October 10th, 2009
When a bank offers you a rate on your mortgage, it is usually good for that day only. Usually, you don?t close on the same day you are inquiring about rates, so you will have to take a chance that the rate will go up.
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