Why a mortgage rate lock makes sense this September

In recent months, we’ve seen the 30-year mortgage interest rate edge up to 6.87%—more than a full percentage point above where it stood just half a year ago. Having navigated hundreds of rate cycles across the Bay Area, I know how quickly these changes can impact a buyer’s bottom line. With the Federal Reserve signaling possible further hikes, and lenders often following suit, locking in your rate this September can be more than just a smart move—it’s a way to bring clarity and control to an often unpredictable process. My approach has always been to help borrowers understand their options and shield themselves from surprise costs. In moments like these, a well-timed rate lock can make all the difference.