Interest rates and closing on a home

[Daisyedwards800]

We have a closing date set for 6/15/22 and have been working with a lender for a couple of weeks now- they seem to have wrapped up most of their underwriting as there's only a couple of lingering requests (just proof of funds in account for closing and the binder for homeowner's).  We got a rate locked of 4.5% but I just checked today and their site and another large bank are advertising 4.375% instead of 4.5% now.  Is there time to go back and forth and try to get this lower rate?  Or is it too close to the closing and I should just settle on 4.5%?

[iluvzbeach]

There is probably time to do it but, in my experience, you would have to pay a fee to move to that rate. Speak with your loan officer to see what that fee might be and how long it would take you to recoup those costs.

[Dicey]

How long do you intend to live there?