Mortgage rate lock: What it is and when you should use one
It can make sure you don’t get burned by rising interest rates before you close.
8 min read
May 23, 2024
David McMillin
Contributor, Personal Finance
EXPERTISE
- Personal finance
- Mortgages and real estate
- Real estate
- Student loans
- Auto loans
- Banking
EDUCATION
- DePauw University
David McMillin is a contributor to Bankrate covering personal finance, including mortgages, real estate, student loans and auto loans. From budgeting tips for individuals to funding strategies for aspiring business owners, his goal is simple: to help readers figure out how to save more and stress less. As a musician, he has spent a lot of time worrying about money, as well, and he applies the lessons he’s learned from that financial balancing act to offer practical advice for personal spending decisions.
McMillin studied writing at DePauw University. He is based in Chicago and loves to discover new places. He only needs to visit four more states (Alaska, Oklahoma, Utah and Vermont) to check all 50 off his list.
David's latest articles
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How to sell a house by owner in South Carolina
Selling a house without a real estate agent is hard work.
6 min read May 22, 2024 -
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How to cancel a check: 4 important steps
Follow these steps to stop a check in its tracks.
3 min read Apr 29, 2024 -
Piggyback loans: What they are and how they work
It requires not one, but two mortgages. But it can get you closer to that dream home.
6 min read Apr 29, 2024 -
23% of Americans would be willing to move out of state to find affordable housing. Would you?
How far would you be willing to move to afford a home?
5 min read Apr 26, 2024 -
Will a ‘silver tsunami’ solve the U.S. housing shortage?
Will a “silver tsunami” flood the market with much-needed inventory?
5 min read Apr 23, 2024 -
How many VA loans can you have?
The VA mortgage program isn’t a one-time thing. Here’s how to get another helping.
5 min read Apr 17, 2024
