We're refinancing our house so I got a bunch of quotes on Monday and picked the best one. Monday afternoon, I told the lender we wanted to lock in the rate. On Tuesday, they send over the paperwork and list of required documents. This morning (Thursday), I'm ready to send everything over, but I check the news first and noticed that rates have taken a fairly decent dip in the last 24 hours due to the Fed's news yesterday. So, since I haven't signed anything yet, I ask the lender to update my quote based on current market conditions. I'm torn on whether this was the right call or not though. On one hand, I'm not legally obligated yet and I'm just trying to take advantage of lower rates. On the other hand, if rates had risen, the bank wouldn't be trying to raise the rate they had quoted me on Monday. So....did I do the right thing?