When can you lock in a Boston condo mortgage rate?
Boston Condos for Sale and Apartments for Rent
When can you lock in a Boston condo mortgage rate?
- After finding a home: Most buyers wait until they have a signed Purchase and Sale (P&S) Agreement. Once you have a firm closing date, you can lock in your rate to protect against sudden market jumps.
- Standard lock windows: Most mortgage rate locks last between 30 to 60 days. While you can secure a lock for 90 days or longer, expect to pay a fee or accept a slightly higher interest rate for the extended protection. [Bostonreb.com]
Important Tips for MA Buyers:
- Don’t lock too early: If your lock expires before your closing date, you will have to pay an extension fee or risk reverting to a higher market rate.
- Float-Down Options: Ask your lender about a “float-down” option. This acts as a safety net: if interest rates drop while your rate is locked, you can usually take advantage of the lower rate prior to closing.
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Updated: Boston Real Estate Blog 2026
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Where is Ford Realty Located?
Ford Realty is located in 137 Charles Street in Beacon Hill
Byline – John Ford – Boston Seaport Condo Broker.
Ford Realty Beacon Hill – Condo for Sale Office
Boston condos for sale – Ford Realty Inc
Updated: Boston Condos for Sale Blog 2026
John Ford Boston Beacon Hill Condo Broker 137 Charles Street Boston, MA. 02114
Boston condos for sale – Ford Realty Inc
Updated: Boston Condos for Sale Blog 2026
