New government regulations recently added to closings for borrowers, lenders, and Realtors began in October 2015. These new regulations are referred to as TRID. These new regulations have created confusion among agents  and lenders extending the average time to get these home loans closed.  Historically, the typical time to lock and close a loan was running about 30 days. In the near term, borrowers may likely choose a 45 day lock instead of the standard 30 lock. This may incur an additional $100 -$300 to the cost of a home loan.