What moves mortgage rates from day to day, explained without forecasts
Intraday repricing
Forecast-free answer
When bond prices move sharply, lenders can issue new pricing in the middle of the day. An unlocked quote can change at any time until you lock. If you plan to lock, ask your lender how its repricing works and when its pricing usually updates.
Last reviewed against the primary sources listed below.
Ask your lender
- When does pricing usually update?
- How will I know if it changes before I lock?
- How long does a lock request take?
Market questions
Can a mortgage rate change the same day?
Yes. Lenders can reprice during the day when markets move.
Is my quoted rate guaranteed before locking?
No. Only a lock protects the quoted terms for a period.