Sophia Armendariz Vidal, a mortgage loan originator at Homebridge Financial Services, discusses the importance of your borrowers or buyers having a “Lock & Shop” on their rates. This is a program where the borrowers can lock in the rate for 30, 60, or 90 days at no cost. This means that your borrowers know that their rate is secure as they shop for a home. It also creates a sense of urgency that they have so much time to find a home, make an offer, and get it accepted before that rate expires. So this also means more security for the borrowers are more closings for you.