Long before settlers arrived from the east, Mt. St. Helens was a sacred place to the local Indian tribes. They had been witnesses to its long history of eruptive behavior and ancient legends caused them to give the mountain a wide berth.ong before settlers arrived from the east, Mt. St. Helens was a sacred place to the local Indian tribes. They had been witnesses to its long history of eruptive behavior and ancient legends caused them to give the mountain a wide berth.
Lenders wonât lock in your VA rate without your permission. The most common lock period is for 30 days and coincides with most sales contract periods. If you want to lock your rate for say 45 days, your VA lender might ask for a quarter of a point or more. On a $200,000 loan, one-quarter point equals $500. If you need to lock in for 60 days, you might expect to pay one-half point and so on. The most common lock period for VA loans is 90 days and you can expect to pay a full point to guarantee your rate for three months.
Then you can sit down with your loan officer and review the rate versus-fee alternatives. You will also see that every program offers lock periods of 15, 30, or 45 days and say you have a 45-day escrow. That means you can lock in immediately and ensure your rate so long as you close within that 45-day period. You could wait 15 days and lock for 30 days at a slightly cheaper price, but you take the risk that the good rate you got 15 days before may not be available. Interest rates can change a lot in 15 days.