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• The act of allowing an interest rate and discount points to fluctuate with changes in the market.

  US Department of Housing and Urban Development - Cite This Source - This Definition
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  Cite Definition for Float

  American Psychological Association (APA)

  Float. (n.d.). Homes & Communities Glossary. Retrieved June 8, 2023, from website: http://www.expertglossary.com/definition/float.

  Chicago Manual of Style (CMS)

  Float. www.hud.gov. Homes & Communities Glossary. US Department of Housing and Urban Development. http://www.expertglossary.com/definition/float (accessed: June 8, 2023).

  Modern Language Association (MLA)

  "Float." Homes & Communities Glossary. US Department of Housing and Urban Development. 8 June. 2023 http://www.expertglossary.com/definition/float.

• Browse Related Terms: A.P.R., annual percentage rate (A.P.R.), Assumption, Buy Down, Commitment Letter, Discount point, Float, Interest Accrual Rate, Truth-in-Lending Act

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