;Lock or float before fed?

Hallo…

Quick question—are you locking your rates or floating them with the Fed meeting coming up? Things feel pretty up in the air, so I’m not sure what the best move is.
:zipper_mouth_face:
What is ur take on this…

Whether :unamused: you choose to lock or float your mortgage rate ahead of the Federal Reserve (Fed) meeting will rely on a number of variables, such as your expectations for interest rate changes, risk tolerance, and personal circumstances.

May lock in a greater rate than :astonished:you could have later on by missing out on possible rate reductions.

exposed to the possibility of increased monthly mortgage :relieved: payments due to rising interest rates.

Think about how comfortable you are with uncertainty. It can be safer to shut yourself in if you’re afraid of taking risks. :saluting_face:

What is the deadline fo :innocent:r closing your mortgage? You might be able to wait and watch how interest rates change if your schedule is flexible.