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- I'm Sean Reynolds, the owner of Summit Properties Northwest and Reynolds and Kline Appraisal. And today I have with me Mr. Dan Chapman from Fairway Independent Mortgage, and we're doing just a quick question-and-answer session on, we hear all the time, "locking" an interest rate. What does that mean? So Dan-- - Sure. - What does that mean? - When you lock your rate, you're locking in that rate for a specific period of time. And so, like I say, you're going to close your loan inside of 30 days, we would do a 30-day lock, and you're guaranteed no worse than that rate. - So you're locking in your interest rate for your mortgage? - Yep. - That you're going to be getting. - Yep, and you're guaranteed no worse than that rate. You can, actually, extend that lock, if you need to. So there's lock extensions. You can, actually, with the small possibility that your rate can improve, even though you've locked it in, but it's no worse than that rate. - And so is there a cost to locking in a long...