Locked rate but APR increased, is this normal?

I locked my rate with my lender a few weeks ago and got a 2.75% rate, with 2.801% APR. Confirmed this was locked by the lender and it’s also in my locked rate table they provided. However, I checked my account yesterday and while my rate stayed at 2.75%, my APR increased to 2.888% which seems like a big jump. Is there a reason APR would go up once I already locked it in? Or should I bring this up to my lender as a potential error?

submitted by /u/wildcatMBA1989
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I locked my rate with my lender a few weeks ago and got a 2.75% rate, with 2.801% APR. Confirmed this was locked by the lender and it’s also in my locked rate table they provided. However, I checked my account yesterday and while my rate stayed at 2.75%, my APR increased to 2.888% which seems like a big jump. Is there a reason APR would go up once I already locked it in? Or should I bring this up to my lender as a potential error? submitted by /u/wildcatMBA1989 [link] [comments]

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