Should you lock or float your rate? Watch this video for some guidance! 😊

The dynamics of the Interest Rate Market make it susceptible to movement without further notice. Mortgage Rates fluctuate based on the movement of the mortgage backed securities market. This fluctuation is quite similar to the stock market, meaning some days it is up and some days it is down. Therefore, it is impossible to accurately predict future mortgage rates. Thus, if you have not yet locked in your mortgage rate, please proceed with caution and make sure you maintain contact with you loan officer.