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.
The lock-in represents the interest rate you choose and will be the interest rate used to factor your monthly payment. The lock-in secures the interest rate during the process of your loan approval as long as your loan is processed and closed prior to the rate expiration date.