Mortgage rates fluctuate often and are subject to change at any time without notice. Please call our office for the most up to date rate quotes, and obtain confirmation of any rate lock request made. Due to fluctuating markets interest rates may change at any time without prior notice.
Some limitations apply.
Typically there is no charge to lock rates at Magellan Mortgage. Our policy is to always quote rates which may be locked for 30 days at the customers request which is normally plenty of time to process, close, and fund a mortgage loan. In the event your situation requires a longer rate lock than the standard thirty days you can usually obtain these at no additional cost. However, for longer term rate locks your note rate may be slightly higher. Due to market fluctuations it would be extremely inefficient for us to try and post all of these options every day.