What happens if rates drop?I completed an application and locked in for a VA refi two weeks ago and I guess I am just waiting for the closing. The lender said it usually takes 30 days. My question is what happens if the rates drop while I'm waiting? Do I have to accept the rates I applied for or start over and try to get the lower rate? I'm in no big hurry I just want the best rate and lowest payment I can get.May 07 2009 - Decatur00YesReport 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.