Should I Float? Should I Lock? - Daily Update for Friday, November 6, 2009

Here are the daily thoughts on interest rate floating or locking if you are asked by your clients. 

As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation

Good News for bonds (Bad News for the economy).  Though the average work week rose slightly as did hourly earnings - Payrolls dropped more than expected and Unemployment rose to 10.2%. All this is giving a very positive uplift to bonds.

Look for rates this morning to be drop from where they closed Thursday when rate sheets are released by AmerisaveMortgage Corporation.

Technically speaking - the FNMA 4.5% 30 year bond is currently keeping above the all important 200 day moving average. The bond is rising from oversold status.

I am recommending to

   LOCK your best mortgage rate.   

To learn why one should Float or Lock -

                          Check out Should I float? Should I lock? &;;; Reasons to Float or Lock

 


     Rates & Fees Guaranteed

To obtain rates and fees with a $500 guarantee - come visit

 

 

Should I Float? Should I Lock? - Daily Update for Thursday, November 5, 2009

Here are the daily thoughts on interest rate floating or locking if you are asked by your clients. 

As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation

The Fed left the Federal Funds Rate where it was with promises of leaving it where it is for the foreseeable future.  Jobless Claims dipped slightly while Productivity rose more than expected.

Look for rates this morning to be rise some from where they closed Wednesday when rate sheets are released by AmerisaveMortgage Corporation.

Technically speaking - the FNMA 4.5% 30 year bond is currently keeping above the all important 200 day moving average. The bond is rising from oversold status.

I am recommending to

   LOCK your best mortgage rate.  I 

To learn why one should Float or Lock -

                          Check out Should I float? Should I lock? &;;; Reasons to Float or Lock

 


     Rates & Fees Guaranteed

To obtain rates and fees with a $500 guarantee - come visit

 

 

Should I Float? Should I Lock? - Daily Update for Monday, November 2, 2009

Here are the daily thoughts on interest rate floating or locking if you are asked by your clients. 

As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation

Pending Home Sales came in lower than last month but significantly higher than expected.  The Manufacturing Index also came in more robust than expected.  Surprisingly, neither of these reports are causing the angst in the bond market as one would expect.

Look for rates this morning to be dip some from where they closed Friday when rate sheets are released by AmerisaveMortgage Corporation.

Technically speaking - the FNMA 4.5% 30 year bond is currently keeping above the all important 200 day moving average. The bond is rising from oversold status.

I am recommending to

   LOCK your best mortgage rate.  I 

To learn why one should Float or Lock -

                          Check out Should I float? Should I lock? &;;; Reasons to Float or Lock

 


     Rates & Fees Guaranteed

To obtain rates and fees with a $500 guarantee - come visit

 

 

Sometime folk can be so dense (pick me).  My wife and I have been considering a move to Northern Virginia (Annandale area) but have a nice size house in Laurel, MD which we are loathe to sell (upside down and a gorgeous piece of property).

We want to rent out our house6502 Walker Branch Dr., Laurel, MD 20707 but are extremely skittish about renting to a family or private individuals (our history of renting to others hasn't been very successful).  So we have gotten this bright idea of renting to a corporation.

We understand this might not be the best way to go but also it could be.  So we are opening ourselves up to the best and the brightest of this august institution better known as Active Rain!

A real quick run down about the house - 3Br/3.5Ba, office (could be a bedroom) on main level, wood burning fireplace in family room, DR, formal living room, basement with washer/dryer - also really cool workbench.  Sits on 1/2 acre of land (back half of land has an easement so no possibility of subdividing - also means combining with other properties one has about an acre of "park" in their back yard). It is located in West Laurel (less than a mile from I-95);  1/2 way between D.C. and Baltimore; about 10 miles from Fort Meade and NSA.

What are your suggestions?  Rent to a corporation or military?  if so, what do we need to do to maximize our income? fully furnished? provide lawn and maid service? a person coming in to cook meals? the bare bones of services?

Looking for YOUR advice.  Of course, good sound advice is always appreciated.  Who knows a referral might come out of it all.

So here you go - what are your thoughts?

 

Should I Float? Should I Lock? - Daily Update for Friday, October 30, 2009

Here are the daily thoughts on interest rate floating or locking if you are asked by your clients. 

As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation

Most interesting news today.  Personal Spending came in as expected (though down from last month), Personal Consumption for last month and compared to last year were both in line with expectations. Personal Income came in as expected though slightly lower than last month.  Only thing possibly affecting rates in a bad was Consumer Confidence coming in slightly higher than expected.

Yesterday's auction for Treasury's came in not very well received.  This caused bonds to dip.

Look for rates this morning to be dip some from where they closed yesterday when rate sheets are released by AmerisaveMortgage Corporation.

Technically speaking - the FNMA 4.5% 30 year bond is currently keeping above the all important 200 day moving average. The bond is rising from oversold status.

I am recommending to

   LOCK your best mortgage rate.  I 

To learn why one should Float or Lock -

                          Check out Should I float? Should I lock? &;;; Reasons to Float or Lock

 


     Rates & Fees Guaranteed

To obtain rates and fees with a $500 guarantee - come visit

 

 

Should I Float? Should I Lock? - Daily Update for Thursday, October 29, 2009

Here are the daily thoughts on interest rate floating or locking if you are asked by your clients. 

As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation

Gross Domestic Product roared in at 3.5% growth for last quarter - higher than some analysts predicted.  Jobless claims were higher.  The kicker though, helping bonds hold steady, is a small element inside the GDP report showing inflation to be in check.

Look for rates this morning to be dip some from where they closed yesterday when rate sheets are released by AmerisaveMortgage Corporation.

Technically speaking - the FNMA 4.5% 30 year bond is currently keeping above the all important 200 day moving average. The bond is near oversold status.

I am recommending to

   LOCK your best mortgage rate.  I 

To learn why one should Float or Lock -

                          Check out Should I float? Should I lock? &;; Reasons to Float or Lock

 


     Rates & Fees Guaranteed

To obtain rates and fees with a $500 guarantee - come visit

 

 

Should I Float? Should I Lock? - Daily Update for Wednesday, October 28, 2009

Here are the daily thoughts on interest rate floating or locking if you are asked by your clients. 

As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation

Yesterday some good things happened - Consumer Confidence dropped below expectations, the Treasury auction had a good turn out for purchasing and maintaining US debt.  This morning Durable Goods came in at expectations while New Home Sales were lower than expectations.  

Look for rates this morning to be improve from where they closed yesterday when rate sheets are released by Amerisave Mortgage Corporation.

Technically speaking - the FNMA 4.5% 30 year bond broke back above the all important 200 day moving average. The bond is near oversold status so a rally could develop.

I am recommending to

   LOCK your best mortgage rate.  I 

To learn why one should Float or Lock -

                          Check out Should I float? Should I lock? &; Reasons to Float or Lock

 


     Rates & Fees Guaranteed

To obtain rates and fees with a $500 guarantee - come visit

 

 

Should I Float? Should I Lock? - Daily Update for Friday, October 23, 2009

Here are the daily thoughts on interest rate floating or locking if you are asked by your clients. 

As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation

Existing home sales jumped an incredible 9.4%. This has affected bonds for the worse though the stock market is down for the day as well. 

Look for rates this morning to be lower from where they closed yesterday when rate sheets are released by Amerisave Mortgage Corporation.

Technically speaking - the FNMA 4.5% 30 year bond stayed above the all important 200 day moving average - though the 200 day is being tested again this morning. The bond is near oversold status.

I am recommending to

   LOCK your best mortgage rate.  I 

To learn why one should Float or Lock -

                          Check out Should I float? Should I lock? &; Reasons to Float or Lock

 


     Rates & Fees Guaranteed

To obtain rates and fees with a $500 guarantee - come visit

 

 

Should I Float? Should I Lock? - Daily Update for Thursday, October 22, 2009

Here are the daily thoughts on interest rate floating or locking if you are asked by your clients. 

As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation

Jobless Claims took a "surprising" turn upwards for last week.  Normally this would result in improved bond pricing.  The reason it's not is the announcement due out this morning on how much more debt is to be auctioned off.  Some are guessing in the range of $115 Billion.  This is putting the kibosh on any more rally attempts. 

Look for rates this morning to be approximately the same from where they closed yesterday when rate sheets are released by Amerisave Mortgage Corporation.

Technically speaking - the FNMA 4.5% 30 year bond stayed above the all important 200 day moving average - though the 200 day is being tested again this morning. The bond is near oversold status.

I am recommending to

   LOCK your best mortgage rate.  I 

To learn why one should Float or Lock -

                          Check out Should I float? Should I lock? &; Reasons to Float or Lock

 


     Rates & Fees Guaranteed

To obtain rates and fees with a $500 guarantee - come visit

 

 

Should I Float? Should I Lock? - Daily Update for Tuesday, October 20, 2009

Here are the daily thoughts on interest rate floating or locking if you are asked by your clients. 

As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation

Good news today.  Producer Price Index came in much lower than expected.  This coupled with Housing Starts and new building permits being down is helping bonds rally back. 

Look for rates this morning to be lower from where they closed yesterday when rate sheets are released by Amerisave Mortgage Corporation.

Technically speaking - the FNMA 4.5% 30 year bond has risen back above the all important 200 day moving average. The bond is near oversold status.

I am recommending to

   LOCK your best mortgage rate.  I 

To learn why one should Float or Lock -

                          Check out Should I float? Should I lock? &; Reasons to Float or Lock

 


     Rates & Fees Guaranteed

To obtain rates and fees with a $500 guarantee - come visit

 

 
 
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Matthew Rosov, Certified Mortgage Planning Specialist

Laurel, MD

More about me…

Amerisave Mortgage Corporation

Address: 6502 Walker Branch Dr, Laurel, MD, 20707

Office Phone: (866) 970-7283 x 6840

Cell Phone: (301) 536-2875

Email Me

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