People seem to forget the dire state of the economy when President Obama took office in 2009. They shouldnât. He received no help from Republicans at all, so it is virtually the case that he and the Democrats did everything themselves.
Depending on the company, the lockup period may be 90 to 180 days. It exists to ensure that the market is not flooded with shares in the company at any given time, which would increase supply and cause a drop in price.
If interest rates fall during the lock period, you can't take advantage of the lower rate unless you: 1  have included a float down provision in the original lock and advise the lender that you want to take advantage of it, or. 2  rewrite the rate lock at additional cost.