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Is now the right time to lock in your mortgage rate?
personal finance :: 11hrs ago :: source - yahoo finance
By Jamela Adam
Mortgage rates are always on the move, and they’re currently on a downward trajectory thanks to rate cuts by the Federal Reserve.
If you’ve had an eye on buying or refinancing your mortgage, that’s welcome news. However, it also raises an important question: Should I lock in my mortgage rate today or wait? Here’s the good news: You can alleviate the stress of the now-or-wait game with something called a rate lock, and its close companion, the rate float-down.
Story continues on Yahoo Finance
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