When should you lock your mortgage rate?

Welcome back to my series on, "How to buy a home in the 21st century?" My step by step guide on how to buy a house in this crazy market. If you have any questions or topics you'd like me to cover, please leave a comment below. On this week’s episode, we dive deep into how to shop mortgage rates and when you should lock your rate.  0:01 Intro 0:14 When should you lock your rate on a mortgage?  0:37 What does locking a rate mean?  1:47 What does it mean to shop rates? 2:23 Getting a pre-approval officer  2:40 Stats about shopping rates 3:40 Loan summary  4:20 Floating your rate  5:01 Running the numbers for a mortgage