Question about home re-fi loans
i am in the process of refinancing my home loan, and i was able to lock a 30 year fixed at 4.0% around 60 days ago. at that time, i had to pay a small origination fee of 0.25% to get the 4.0% discounted rate because rates at that time were in the 4 1/8 to 4 3/8 range.
due to processing errors (in my opinion) on the lenders part, they have delayed the original closing date of June 1 +/- twice at no cost to me. However, through the time of these delays the interest rates have dropped more and it seems the i could now get a rate in the 3.75% range with no origination fee/points.
i am comfortable with a 4.0% interest rate (which is higher than current and should result in a premium to my lender when they resell the loan), but i am disappointed that they still want to charge me the origination fee. i understand that i locked into this loan, but through no fault of mine it would seem the delays would allow me to just walk away and get a better rate. does anyone have experience with this type of situation, or work in the industry to offer me some perspective on these interest rate lock agreements?
thanks in advance.