Quote:
Originally Posted by AchtungE30
Holy crap am I glad I locked in at 4.5% a month ago!
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Are you sure you are locked in?
Reason I ask is because I was unaware there was a way to lock in a specific rate while the car is being built. I secured my pre-approval loan check from Penfed in June when the rate was at 4.25%, but because the check was not exercised until July, I got hit with the 4.5% rate.
I called and asked about it afterwards and they said it was correct - my rate was 4.5% since that was the rate when I exercised the loan...