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Anthony Manera, a senior home loan specialist at Dai Tech, emphasized the importance of the interest rate lock agreement as the most crucial document in a lending package. He highlighted the risks of unexpected changes in offers at loan closings, and emphasized the need to protect oneself with this form. The agreement specifies the interest rate and the duration it is locked in for, providing peace of mind for borrowers. Following lender instructions on timely completion is crucial to ensure the offer's protection.