Attention Buyers: Now is the time to lock on a float down
According to Jeremy House, Certified Mortgage Planner with Prime Lending in Tempe, AZ, now is the time to lock on a float down. Mortgage Bonds are breaking through significant levels of resistance and as a result mortgage rates are improving.
House advises buyers to talk to their loan officer about a float down lock today. A regular lock would NOT make sense today as buyers would likely be shorting themselves on rate. "With the float down we can lock your buyer at today’s excellent rates and then lower their rate later if and when the market continues to improve," says House.
For more information or to speak with a trusted advisor on mortgages, please visit http://www.JeremyHouse.com or call 602-435-2149.