Due to the constant fluctuation of mortgage interest rates, Regions Mortgage does not provide mortgage rates on our website. Current mortgage rate information can be received directly from a Regions Mortgage Loan Officer.

Locking Your Mortgage Interest Rate

In most cases, the mortgage interest rates you are quoted prior to application represent the terms available at the time of the quote. Mortgage interest rates are unpredictable, so once you have found the mortgage program and rate that is right for you, it’s a good idea to lock in your mortgage interest rate by contacting your Mortgage Loan Officer. This way you’ll have an estimated monthly payment and will know what interest rate to expect at closing.

Locking your mortgage interest rate also protects you from increases in interest rates while your loan is in process, but it will also not allow you to benefit from any drops in mortgage interest rates. Standard rate lock periods include 15, 30, 45 or 60 days. The lock period you choose will depend on how long the loan process is anticipated to take and the desired closing date you discuss with your Mortgage Loan Officer.

You may lock the mortgage interest rate at loan application, during the processing of your loan or at loan approval but prior to closing. Just remember a rate lock is not a loan approval or loan commitment.