When securing a mortgage, buyers aim to lock in the best possible interest rate. But what if interest rates fall after you’ve closed on your loan? Are you stuck with your current rate? The good news is that you may have options, whether your loan is brand-new or you’ve been paying it off for a while. Here are three ways to take advantage of lower rates. 1. Explore a Float Down Option Many borrowers choose fixed-rate loans for stability—they protect you from rising rates. … [Read more...]