Extended lock for 180 days - Is this a good deal?

My new home would be ready in November/December....So lender offered me the following: 4.625% rate locked for 180 days with 1 time float down available at free of cost (4.375% @ 1.65 points + 0.25% for the extended lock + Fee for 180 day lock is 0.75 point) All the fees and cost for buying points are being paid by the Builder............... Is this a good deal? by miss_gina from Cedar Park, Texas. Jul 7th 2011 Reply