I have locked in at 4.75% and now broker says it’s 5.65% to closeMy broker has locked in rate 4.75% (30yr fixed) at the end of April. The approval process took longer than usual to approve and today I got a call that everything's approved and ready but interest rates are up to 5.65%. She claims rate lock was good only for 30 days. Bank was backed up and did not let her extend as they needed additional papers during the approval process. She never notified me of rate increase possibility till today. This is not making sense to me. What would you recommend I do?June 19 2009 - US0YesReport 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.