I don't think a company should be able to publish rates and advertise those costs knowing that borrowers will not be allowed to lock the loan prior to close. When I talk with clients I am offering advance locks to secure market lows. When you don't pay advance fees for appraisal or application and are not allowed to lock be wary as the lender has no requirement to delivered an unlocked advertised rate that has expired. You'll get the rate THAT day no matter what it is.
Always work with a mortgage originator that shows the details and managed expectations. If it is too good to be true, it generally is.
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