Local mortgage broker forgot to lock in rate and informed me the day of closing. Now rates are 5.5%I was told I was locked in at 5% and cleared to close. It took 7 weeks and the day of closing they told me they forgot to lock it in. They brokered it out to Wells Fargo. Wells Fargo said "too bad". Will there be a chance rates will drop down again within a week or so? They want to float the loan until rates drop. Will the clear to close still be good then? Also, they told me not to pay June's mortgage payment. I guess I should pay it now or wait a week or so and get locked in?May 28 2009 - Southport00YesReport 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.