Tag Archives: rate lock

Tomo’s new Lock and Shop: lock a rate now without a property address

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Tomo’s Lock and Shop service fee is $750, which homebuyers can recoup when they work with Tomo Brokerage partner agents. Homebuyers can choose either a 90- or 120-day rate lock. Continue reading →

Demand for second homes drops for second-straight month

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Second-home demand fell 21 percent in July from the previous year, according to a report released Tuesday by tech-powered brokerage Redfin. Continue reading →

Economists say consumers should lock in low mortgage rates now

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Mortgage rates reached the lowest point in 50 years last week, and one economist predicted they could plummet even more this week. Continue reading →