Locking In rates

[jenrhi]

I have been working over a month with a mortgage broker--i had a previous USDA loan and filed bancruptcy in 2008--house was not deeded out of my name until 02/21/2014 so according to FHA rules, I had to wait until today to apply for a new mortgage loan.

This morning she called to say she was trying to lock me in and rates were at 3.75%--not even 30 minutes later i get a text saying 'market is down--we are in the middle of a price change for the worse. Will keep you posted'

This is confusing--i know rates change daily but hourly or by the minute??

2 scores are 652 and 1 is 622--loan is $189k and 3.5% down payment.

[DallasLoanGuy]

they can literally change any second.

i have priced deals and lost the rate before i could get it locked more times than i can tell ya

[H-B]

Yes, it do change in minute if the market goes up or down. But market goes down again today and check tomorrow if that help.