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In this video, Shahidah Hill discusses the importance of locking in your interest rate when buying a home. When pre-approved, your rate is typically floating, subject to market changes which can result in fluctuations—either going up or down. Although rates usually don't vary drastically in the short term, significant increases can occur over weeks or months. The longer you keep your rate floating, the more susceptible you are to these changes. Therefore, it's crucial to consider locking your rate to mitigate the risk of rising interest rates as you move towards homeownership.