Interesting. My neighbor has, or I should say had, a 60 day lock on a property at 5.5% plus whatever (don't know all the details) with a settlement date sometime in June. When I told him the market had gone even lower, he called and complaind and they gave him 5.25% plus. Again, I don't know the details but he didn't seem to have a problem getting them to change in a amtter of minutes. Is it possible they were afraid he'd go with someone else and they were protecting themselves?
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