So I've been working with a lender on obtaining a loan for the purchase of a home. The home inspections revealed items which need attention (rough estimate $4-7K) that the seller may choose not to pay thereby cancelling the contract to sell/purchase. I have a locked in rate ( 2.75%/30-yr) but the lender is suggesting that I consider paying the costs myself because the costs would be a small fraction of what I'd lose in rate premium if I had to go shopping again.
He went on to say that because of the huge hit the bond market has taken the last few days rates are bad. He also said that they are neither quoting or taking any refinance applications at this time. Just a heads up.