maryland mortgages: Should I float? Should I lock? - Daily Update for Wednesday, February 27, 2008 - 02/27/08 07:42 AM
Here are the daily thoughts on 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.
2 reports came out today as well.  Durable Goods came in much worse than expected (New Home Sales will be released about 10).
Technically speaking - the FNMA 5.5% 30 year bond took a really good bounce off the 200 day moving average yesterday.  This coupled with the bad news that had occurred may be a sign that rates will be improving.
At this point one could  
   
     Float.
To learn why one … (0 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Tuesday, February 26, 2008 - 02/26/08 07:43 AM
Here are the daily thoughts on 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.
3 reports were released this morning.  Consumer confidence was down (good), Producer Price Index was up(bad), Core Producer Price Index was higher than expected (bad).  That last one, core PPI, shows inflation rearing its ugly head. 
Technically speaking - the FNMA 5.5% 30 year bond bounced a couple times off the 200 day moving average yesterday.  Though this is good in some respects, this level needs … (0 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Monday, February 25, 2008 - 02/25/08 09:08 AM
Here are the daily thoughts on 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.
Only news released this morning was existing home sales.  Even though dropping by .4%, home sales came in slightly better than expected. 
Technically speaking - the FNMA 5.5% 30 year bond is currently caught between the 100 day and 200 day moving average.  With little news out today - look for bonds to continue to worsen (i.e. - rates to go higher).
This is a great opportunity … (0 comments)

maryland mortgages: Locking / Floating Interest Rates - The Weekend Edition - Feb 23, 2008 - 02/23/08 08:38 AM
ok - time to flagellate a deceased equine!  (Beat a dead horse)
The two big news items of the week were the Core Consumer Price Index remaining steady and the Philadelphia Fed Index worsening significantly.  The implications of the Core CPI was not lost on traders showing inflation is still a possible risk,  The Philly Fed Index though just a regional index correlates to how the national index will come out on better than 70% accuracy.
Overall - the FNMA 5.5% 30 year bond went down almost 80 bps.  This translates into rates worsening by .8% (If last week a 30 year mortgage could be had … (0 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Friday, February 22, 2008 - 02/22/08 07:59 AM
Here are the daily thoughts on 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.
With no economic reports out today, stocks will be driving the bus for bonds and mortgages today.
Technically speaking - the FNMA 5.5% 30 year bond really hit the 100 day moving average with a resounding thud.  It tried twice to break through this level of resistance.  Unless there is a major downturn in the stock market today, look for bonds to drift down a bit.
This is … (7 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Thursday, February 21, 2008 - 02/21/08 10:51 AM
Here are the daily thoughts on 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 Jobless Claims report came out this morning essentially in line with expectations.  The big news of the day came out at 10 AM when the Philadelphia Index came in quite a bit lower than expected.  This leads to the continued thought that a recession, while perhaps not imminent, is certainly still in the cards.  And as the various leaders of the Fed have said … (5 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Wednesday, February 20, 2008 - 02/20/08 07:58 AM
Here are the daily thoughts on 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.
Consumer Price Index was released this morning showing number higher than expected overall.  This combined with slightly better than expected housing starts and building permits has caused another downturn in bond prices.
Technically speaking - the FNMA 5.5% 30 year bond plummeted through the 100 day moving average yesterday and has at the moment broken through the 200 day moving average.  If support cannot be found here, … (0 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Tuesday, February 19, 2008 - 02/19/08 07:28 AM
Here are the daily thoughts on 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.
No scheduled economic news is on tap for today.  Therefore bonds will be taking direction from stocks.  Futures for the 3 major markets show marked increases today.  This alone has caused the bond to already fall 31 bps.
Technically speaking - the FNMA 5.5% 30 year bond is rapidly approaching the 100 day moving average.  The last time it approached this level it bounced off to equal … (3 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Friday, February 15, 2008 - 02/15/08 09:12 AM
Here are the daily thoughts on 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.
Industrial Capacity and Utilization came in near analyst expectations.  While not necessarily either good or bad, it certainly favors Paulson's and Bernanke's conclusion that the economy will not slip into a recession and puts Greenspan's pronouncement that a recession is better than 50/50 in a bad light.
Technically speaking - the FNMA 5.5% 30 year bond is still below the 50 day moving average.  Unless the stock … (0 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Thursday, February 14, 2008 - 02/14/08 08:25 AM
Here are the daily thoughts on 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.
Big news today.  Balance of Trade deficit came in lower than expected and Jobless Claims also came in lower than expected.  This is great news for the economy.  Translation - mortgage rates will continue to worsen.
Technically speaking - the FNMA 5.5% 30 year bond has broken through the 50 day moving average and falling towards the next support level.  The 50 day moving average could pull … (0 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Wednesday, February 13, 2008 - 02/13/08 07:51 AM
Here are the daily thoughts on 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.
Big news today.  The retail sales for January came better than expected.  This means that stock traders will be looking to jump back into the market as earnings should start to pick up.  Since most stock traders place their reserves into bonds, the bond market will be suffering today.
Technically speaking - the FNMA 5.5% 30 year bond continues to fall towards the 50 day moving average.  In this … (3 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Tuesday, February 12, 2008 - 02/12/08 08:09 AM
Here are the daily thoughts on 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.
Again - with little scheduled economic news to take guidance from, bonds are looking for direction from the stock market or anything else that pops up.  For instance - Warren Buffet offered to provide funds to the various bond insurers to help with the defaults that are occurring.  This quick news item caused the bond to drop by 16 bps.  As things shake out we … (3 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Monday, February 11, 2008 - 02/11/08 08:30 AM
Here are the daily thoughts on 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.
With no economic news reports coming out until Wednesday bonds will be taking a general direction from stocks - currently in a holding pattern.
Technically speaking - the FNMA 5.5% 30 year bond bumped up against the 25 day moving average on Friday and has appeared to back off.  Though the bond is oversold, with no apparent support the bond could drift lower possible worsening mortgage rates
With this … (3 comments)

maryland mortgages: Locking / Floating Interest Rates - The Weekend Edition - Feb 9, 2008 - 02/09/08 04:49 PM
ok - time to flagellate a deceased equine!  (Beat a dead horse)
Most exciting news of the week was the extreme reading on the Services Index that had been released on Tuesday.  The rather low reading caused bond to spike nicely.  This was reversed the next day by the "rantings" of Dallas Regional Chairman "Loose Lips" Fisher who claimed that inflation was still very obvious and the most recent 50 bps cut in the Fed Funds rate should not have occurred. 
While I may agree with that statement, it's another having someone in such power making such comments.  This caused havoc in … (0 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Friday, February 8, 2008 - 02/08/08 09:58 AM
Here are the daily thoughts on 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.
Bonds took a big tumble yesterday due to a speech by Dallas Fed Chairman "Loose Lips" Fisher.  He proclaimed that inflation was on the rise and the Fed would step in and do everything possible to combat this.  While this isn't necessarily bad news - it is what the Fed does - his comments are contrary to what all others are saying as well as … (1 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Thursday, February 7, 2008 - 02/07/08 08:13 AM
Here are the daily thoughts on 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 stocks tried bouncing back from the bleak outlook that Tuesday caused.  One report yesterday came in weaker than expected possibly signalling inflation is better under control.  This is a good sign for bonds.  Jobless claims came in a wee bit higher than expected today.
Technically speaking - the FNMA 5.5% 30 year bond fell back down to the 10 day moving average yesterday.  It appears a … (2 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Wednesday, February 6, 2008 - 02/06/08 07:52 AM
Here are the daily thoughts on 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 what should have been slow news turned into a big deal.  The ISM Index - an index showing the relative strength of the service industry - came in much lower than expected.  This index which has been showing a steady reading above 50 came in at a lowly 41.  (Anything below 50 is considered to be a signal the economy is in a retraction).  … (0 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Tuesday, February 5, 2008 - 02/05/08 08:14 AM
Here are the daily thoughts on 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.
Little news due out this week.  Bonds will be taking direction from stocks and other assorted (and sordid) news sources.  With stocks appearing to take a rest after last week's 500 point gain, bonds are slowly on the rise today.  Australia raised it's key interest rate 1/4 point to 7%.  While not huge news, it does show global concern for global inflation and a global … (0 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Monday, February 4, 2008 - 02/04/08 08:00 AM
Here are the daily thoughts on 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.
Little news due out this week.  Bonds will be taking direction from stocks and other assorted (and sordid) news sources.  Bonds appear to be following historic trends by dropping 22 bps just after opening today - just a few days after the Fed lowered the Fed Funds rate.
Technically speaking - the FNMA 5.5% 30 year bond has broken below the 10 day moving average and is … (4 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Friday, February 1, 2008 - 02/01/08 07:56 AM
Here are the daily thoughts on 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 - Bad News.  Unemployment fell by .1% - Payrolls were down 17,000 from an expected 70,000 being created.  Average work week and earnings were also lower than expected.  Mostly this is bad news for the economy, especially if fears of a recession are still around.  It shows non agricultural jobs falling away even though overall unemployment has dropped.  Less income and less work week … (4 comments)

 

Matthew Rosov, Certified Mortgage Planning Specialist

Laurel, MD

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Amerisave Mortgage Corporation

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

Office Phone: (866) 970-7283 x 6840

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