Locking in one of today's lower mortgage rates may make sense, experts say, but there are some items to know first.

This post originally appeared on The Basis Point: What If Mortgage Rates Drop After I Lock My Loan? This week rates dropped to all time record lows around 3% for 30-year fixed loans and below 3% for ...

It was great to see that Woolwich has reinstated the drop-lock function on its tracker rates. This feature allows borrowers to benefit from a nice low base rate to start with and then if rates rise, ...