Home > Personal > Personal Lending > Mortgage > Mortgage Resources > Glossary > Lock Lock November 9, 2021 Written agreement in which a lender guarantees a specific interest rate if a loan closes within a set period of time. The lock-in may also specify the number of points to be paid at closing.You Might Also Like: Living QuartersMortgage Lending for Veterans at Bank Five Nine All Things CommunityReviewing Random Acts of Kindness 2023 Everyday MoneyWhat are ACH Payments and How Do They Work? Living QuartersUnderstanding Mortgage Interest Rates Family MattersFun Games to Teach Kids About Money
