You would want to lock-in your mortgage interest rate if you expect rates to decline before the closing.

Name: You would want to lock-in your mortgage interest rate if you expect rates to decline before the closing.
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Locking in your mortgage interest rate is typically done to protect against rising rates before closing, not declining ones. If you expect rates to decline, you might choose not to lock in, hoping to get a lower rate before closing.

You Would Want to Lock-In Your Mortgage Interest Rate If