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In this tutorial, Anthony Sir Manera, a senior home loan specialist at Dai Tech, discusses the significance of the interest rate lock agreement, a crucial document in a lending package. He explains that this agreement helps protect borrowers from unexpected changes in their loan offer at closing. The document specifies the locked interest rate and its duration. To ensure its validity, borrowers should promptly follow the lender's instructions for returning the signed agreement. By securing this document, borrowers can have peace of mind knowing that their loan offer is protected.