You may not get a loan officer to give you the type of GFE that we used to due to new regulations that were put into effect as of January 1, 2010. This form of GFE was put in place with the thought that everything would be simplified, however what it has done is make things more confusing because certain charges are lumped together, so the borrower can no longer see what they are paying for. What causes the most confusion is the differences in what goes on with lending at the state level. While here in NY, as well as in certain areas of Massachusetts, bank attorneys close the loan, in other areas the title/escrow company takes care of everything. You can and should have someone give you an idea of what your closing costs might be, so that you are prepared. Many loan officers prefer to quote a 60 day rate lock because it is more realistic, and you do not run the risk of having your rate lock expire, or having to pay extension fees. Although it is true that a 30 day rate lock today would most likely not be at the same rate as a 60 day lock, you have no way of guaranteeing that this will be the rate 30 days from now. Let's say today you can get a 30 day lock at 4.875%, but a 60 day lock would be at 5%. The only way that you would be able to lock that 4.875% in 30 days from now, for 30 days, is if rates stay absolutely flat. That is a gamble because it is entirely possible that in 30 days the best rate you will get for a 30 day rate lock is 5.125%. Wouldn't you be annoyed then? Like Steve said, most loan officers try to keep an eye on where rates are every day, after all, this is our job. If you choose to allow your rate to float, you can do that, and start the application process so that everything is completed in 60 days. Your loan officer can watch the market and be able to see if rates seem to be trending down or up, and help you decide whether you should continue to float, or lock something in now for the time you need.