Win Mortgage Strategy Choose Rate Lock or Float Now
Market Trends and Timing
Deciding whether to lock or float often depends on current market conditions and economic forecasts. As of late 2023, mortgage rates have seen fluctuations due to economic uncertainties and policy changes by the Federal Reserve3. Keeping an eye on these trends and consulting with financial advisors can provide valuable insights. Many lenders offer a "float-down" option, allowing you to lock in a lower rate if the market improves, often for a fee, which can be a strategic compromise4.