My agent told me I can’t lock in a rate until I’m under contract for a home

But I’ve read a couple of posts here of people saying they’ve locked in rates of 4.25 and 5’s for months and are still house shopping. My agent told me that’s not possible and you can’t lock in a rate until you’re under contract for a home. It’s important to know my agent knows/ referred me to my lender (yes, I’m pre approved). If it isn’t true and I CAN lock in a rate before I buy a home, why would she say that what is it of any benefit to her or my lender? I’m trying to figure this out before the rate hike that’s apparently about to happen beginning of June!

FTHB here if you haven’t noticed!

submitted by /u/yunis618
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But I’ve read a couple of posts here of people saying they’ve locked in rates of 4.25 and 5’s for months and are still house shopping. My agent told me that’s not possible and you can’t lock in a rate until you’re under contract for a home. It’s important to know my agent knows/ referred me to my lender (yes, I’m pre approved). If it isn’t true and I CAN lock in a rate before I buy a home, why would she say that what is it of any benefit to her or my lender? I’m trying to figure this out before the rate hike that’s apparently about to happen beginning of June! FTHB here if you haven’t noticed! submitted by /u/yunis618 [link] [comments]

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