lock‑in effect
The Beginner’s Secret to Outsmarting Mortgage Rates Lock‑In
To outsmart a mortgage rate lock-in, track market trends, use pre-termination assessments, and refinance before the contract’s fixed period locks you into higher payments. 52% of homeowners reported no escape plan even though early-termination fees were often under $3,000, according to a May 2026 survey of 1,200