How does a float-down option on an interest rate lock actually work, and when is it smart to exercise it if market rates drop suddenly?
Download run
Fan-out diagram
The searches the AI actually ran for this prompt.
SEED QUERY
How does a float-down option on an interest rate lock actually work, and when is it smart to exercise it if market rates drop suddenly?
1 real search · 1 real-search pass
mortgage rate lock float down option how it works lender requirements fees CFPBGoogle ↗
OBSERVED
Badge and edge weight = share of passes that produced the query. Hover a query for its intent and routing format.
Query classes
Google's semantic query class for every sub-query: what kind of answer each search is after, simulated vs real.
Classifying 1 queries…
Searches and sources
ChatGPT1 real searches · gpt-6
mortgage rate lock float down option how it works lender requirements fees CFPB Google ↗
- What's a lock-in or a rate lock on a mortgage? · consumerfinance.gov
- What do I do if the rate or fees are different on my Closing Disclosure than they were on my Loan Estimate? · consumerfinance.gov
- Review loan estimates · consumerfinance.gov