<prompt> Human: My wife an I are purchasing a new build home and the preferred lender they have is Wells Fargo. We are about 24 days before closing when I received an email saying that due to the election rates have gone up and now instead of a 4.5 APR which we signed for in the application it will be raised to 4.875. Is this legal? I know with everything Wells Fargo is going through they are not an honest institution and I need to know what my options are to ensure that Im not being taken advantage of. Assistant: Fed rates are going up this Dec, this means all other interest for lending must go upHuman: Would that even include if we signed a contract that our rate would not go up or down?Assistant: What does your contract sayHuman: The verbiage next to the rate says this rate will not change  <response>: before or after loan is actually issued? 