Should you lock a mortgage rate before the next inflation report is released?

A mortgage interest rate lock could have multiple advantages for borrowers now. Olga Yastremska/Getty Images When it comes to finding a low mortgage interest rate, timing plays a critical role. Unfortunately, as many borrowers have seen in recent months, the timing lately hasn't been very beneficial. Thanks to a combination of overseas conflicts, pronounced market uncertainty and a subsequent surge in inflation , mortgage interest rates have noticeably increased. …