Last reviewed 10-31-2026Short-Sale.com Editorialglossary

Rate Lock

California Association of Realtors

Updated 10-31-2026

Rate Lock

A commitment issued by a lender to a borrower or other mortgage originator guaranteeing a specified interest rate and lender costs for a specified period of time.

California Association of Realtors Glossary

California Association of Realtors · p. 11

FTC

Updated 10-31-2026

Rate Lock

An agreement in which an interest rate is "locked in" or guaranteed for a specified period of time prior to closing. See also "Lock-in Rate."

FTC Real Estate Terms

FTC · p. 15

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