Rate locks and closing datesIs it necessary to close on your purchase before the rate lock expires to get the locked rate?For example, if I got a rate lock today (15th April) for 45 days, but couldn't close on a house until June 15th (60 days), would the lock expire on June 1st and I'd have to take a new rate, or would they "hold" the mortgage for 15 days until we closed?April 15 2010 - Pomona00YesReport 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.