Lockinhosed

By Teri Karush Rogers | August 16, 2010 - 7:00AM

Lock in hosed - adj. The state of being hosed by a reduction in interest rates following a lock-in agreement with one's mortgage lender.

Despondent over a 25 basis point decline in mortgage rates just two weeks after his lock in, Simon decided to sell his condo and rent so he would never be lockinhosed again.

Previous Words of the Week:

Shelter shock

Buy curious

Yellervator

See the entire Vertical Dweller's Dictionary.

Teri Karush Rogers

Founder & Publisher

Founder and publisher Teri Karush Rogers launched Brick Underground in 2009. As a freelance journalist, she had previously covered New York City real estate for The New York Times. Teri has been featured as an expert on New York City residential real estate by The New York Times, New York Daily News, amNew York, NBC Nightly News, The Real Deal, Business Insider, the Huffington Post, and NY1 News, among others. Teri earned a BA in journalism and a law degree from New York University.

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