See Also: Rate lock(money)
Rate lock(finance)
Rate lock selling(finance)
Call money rate(finance)
Money rate of return(money)
Call money rate(money)
Money rate of return(finance)
Lock or Lock-in - Motor Sports(gambling)
Tight money or dear money(finance)
lock(3)(dictionary)

Rate lock (money)


Definition: [crh] An agreement between the mortgage banker and the loan applicant guaranteeing a specified Definition: =interest+rate">interest rate for a designated period, usually 60 days.