Changes to locked rate for a condoWe are getting a loan for a condo. The bank just informed us that the condo review uncovered that the association has lowered the amount it is collecting in reserves this year to 8.3% vs. 10% required by Freddie Mac and that because of that our rate will have to increase. Our closing is scheduled for 10 days from now. This sounds like some sort of trick. Is it? What are our options?July 01 2013 - Chicago00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.