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4/30/25 What Should I Know About Interest Rates and Locking in a Rate? Previous What Is an Escrow Account, and How Does It Work? Next Does Getting Pre-Approved Hurt My Credit Score? You Might Also Like What Is an Escrow Account, and How Does It Work? What is the First Step in Getting Pre-Approved for a Mortgage? What Does the Home Appraisal Process Look Like? Does Getting Pre-Approved Hurt My Credit Score? What’s the Difference Between Pre-Approved and Pre-Qualified?