No one can predict the way rates will shift and it’s common to see significant swings day-to-day or week-to-week. Morty offers a number of float-down options that protect homebuyers in decreasing rate environments. Upon request, Morty will review your locked loan to determine if the latest changes in rates result in improved pricing that makes you eligible for one of our float-down options. This is also contingent on the following: (1) the appraisal on your property has not been completed by your current lender, and (2) there is still sufficient time to meet your anticipated closing date.