Can we lock interest lock after hours or weekend or does it have to be during business hours ?
Posted June 25th, 2009 by admin 1 Comment »
johnpau2009 asked:
1) Usually when can brokers/lenders can lock a interest rate ? is it just during the business hours ? can they lock during the weekends also ?
1) Usually when can brokers/lenders can lock a interest rate ? is it just during the business hours ? can they lock during the weekends also ?
2) Do they have to lock during NASDAQ business hours ? or do is relate to the bank hours who is lending money ?
3) Since rates keep fluctuating every hour and minute,how do they lock ? is a rate sheet valid for few hours ?