The sellers wanted to push back the closing date from 13-FEB-07 to 21-FEB-07. I said they could push it back even further, provided the purchase price was lowered based on my costs to lock-in a mortgage rate. In other words, the longer my rate is locked, the higher my rate. To get to the 6.125% for a 30 day lock, I would pay for points: 35 days would cost $145, 60 days $850.
I thought offering them this level of flexibility would be welcome–they haven’t found a home, and we’re only talking about a couple hundred bucks. Much to my surprise, they said thanks but no thanks.
The clock is ticking now. Inspections and appraisals next week.