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.
Look for the sweet spot when pricing out a rate lock. The sweet spot is the combination of interest rate, term and cost you need to achieve that optimum deal. Most lenders won't lock you for less than 30 days unless you're ready to close and often offer the same rate for a 15- and 45-day period.