Robert McLister·General·January 15, 2013Quick Close A term used to describe a transaction that closes within a short period of time, typically 30-45 days. Discounted rates are offered for quick closings due, in part,to the lower cost of hedging rates for a shorter period. By way of example, a lender’s best 5-year fixed rates might be as follows: 5.49% with a 120-day rate hold 5.39% with a 60-day rate hold 5.19% with a 30-day rate hold Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.