This is a short update about my refinance, which was started about one month ago. It is still in progress. The appraisal has been done, value came up to be OK but the credit union is swamped with applications.
According to the loan officer, they are currently processing applications submitted in the second week of September. They will reach my case some time near the end of this month. I asked about the rate lock expiry (60 days). The loan officer told me that they will honor the rate if they could not process the loan by the lock expiry date.
I sure hope she is correct.