MORTGAGE RATE LOCK
An agreement between a lender and borrower which allows the latter to lock in the interest rate on a mortgage within a defined time period at the common market interest rate.
The lender can charge a lock fee if the borrower fails to lock it. On the other hand, the lender can charge a marginally greater interest rate to start with, in case the borrower prefers not to lock the interest rate.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:01 | Rightmove House Prices | Mar | |
| 04:00 | Fixed Asset Investment | Feb | |
| 04:00 | Industrial production | Feb | |
| 04:00 | Retail Sales | Feb | |
| 04:00 | Unemployment Rate | Feb | |
| 04:00 | NBS Press Conference | ||
| 14:15 | Housing Starts | Feb | |
| 14:30 | Consumer Price Index | Feb | |
| 14:30 | Consumer Price Index Core | Feb |
