Thanks for the advice. This is for a loan amount above $1M. We’re currently at 67% LTV so we’ve got a bit of a cushion and the most recent comp is above our bank apppraisal. Also there is a near identical spec house being build next door that was just listed for 5% above our appraisal. The lender is Navy Federal. I’m not going to lock anything until my builder gives me his blessing. Our construction loan is up in mid October so we’ve got to be done before that. My builder has been saying July all along so we have been planning on late August to be safe. A 180-day lock would take us to mid-September. I’m going to give it a little time in light of what the Fed did today.