mortgage rate guidance: Should I Float? Should I Lock? - Daily Update for Thursday, May 7, 2009 - 05/07/09 08:03 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 official Jobless Claims report from the government came out this morning showing a decrease in claims from both expectations and last months figures.  Though the number of folk continuing to claim unemployment rose to new highs. Tomorrow the unemployment rate is expected to be reported at a new high of 8.9% (though I suspect it will be slightly lower).
Productivity rose for the … (1 comments)

mortgage rate guidance: Should I Float? Should I Lock? - Daily Update for Wednesday, May 6, 2009 - 05/06/09 08:39 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. 
National Placement Firm says not as many people lost their job last month - Stocks up!  What a sad state we are in.  Used to be that bad news was bad news - now it's not as bad news is good news.  Perspective is what it's all about.  The ADP says that only 491,000 folk lost jobs last month as opposed to the expected … (3 comments)

mortgage rate guidance: Should I float? Should I lock? - Daily Update for Tuesday, May 5, 2009 - 05/05/09 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. 
Even in the face of multi month highs in the stock market, bonds are holding their own.  Yesterday's 200+ stock market gain should have resulted in bonds going down and rates going up, instead bonds rose nicely yesterday with apparent gains again this morning. 
Technically speaking - the FNMA 4.0% 30 year bond broke up to the 10 day moving average yesterday.  Being able … (0 comments)

mortgage rate guidance: Should I Float? Should I Lock? - Daily Update for Friday, May 1, 2009 - 05/01/09 09:10 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 Sentiment and Manufacturing Index came in higher than expected - both signaling the Fed could be right and an end to the recession could be occurring.  This has given a boost to stocks and a bust to bonds. 
Technically speaking - the FNMA 4.0% 30 year bond has fallen to key support levels today.  Being able to hold here would be a good thing.  … (0 comments)

mortgage rate guidance: Should I Float? Should I Lock? - Daily Update for Thursday, April 30, 2009 - 04/30/09 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. 
Personal Spending and Personal Income both fell again not only below analyst expectations but below the previous quarter.  The monthly comparison in index format as well as for annual comparisons both came in even. This is positive news that inflation is being held in check.  Weekly jobless claims came in lower and Employment cost Index fell slightly - not much surprise there as more … (0 comments)

mortgage rate guidance: Should I Float? Should I Lock? - Daily Update for Wednesday, April 29, 2009 - 04/29/09 08:01 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. 
"Economy Falls More Than Expected" - You have got to be kidding.  Last quarter the GDP fell 6.1%, not nearly as bad as the previous quarter but "worse than analyst expectations".  Considering the economy might be bottoming out and possibly even coming a bit out of the doldrums, the bit of news is just bad reporting. 
Bonds fell down to support levels yesterday on unexpected … (2 comments)

mortgage rate guidance: Should I float? Should I lock? - Daily Update for Tuesday, April 28, 2009 - 04/28/09 07:57 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. 
Swine Flu in the news and affecting stocks in an adverse way.  This is helping mortgage backed securities in a good way.  Bond prices are rising and rates are lowering.  What does this mean??  Now is an excellent time to lock in a fabulous rate.
Normally one would suggest floating here - the reason to lock your rate in is because eventually this swine … (0 comments)

mortgage rate guidance: Should I Float? Should I Lock? - Daily Update for Monday, April 27, 2009 - 04/27/09 08:18 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. 
Don't you love the way the news media explains why the stock market is opening lower - ripped from the pages of CNN - "Flu weighs on Wall Street".  Maybe - perhaps more it's GM laying off 23,000 workers or economists still don't think we are at bottom yet.  Either way, stocks are going to be off this morning and bonds are making a … (0 comments)

mortgage rate guidance: Should I Float? Should I Lock? - Daily Update for Friday, April 24, 2009 - 04/24/09 08:10 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. 
Durable Goods came in lower than last month yet not as low as analysts expected.  New Home Sales is expected to come in lower than expected.  Stocks are appearing to be opening higher this morning which is putting the kibosh on any hopes of a week end rally in bonds.
Technically speaking - the FNMA 4.0% 30 year bond is heading down towards support levels … (0 comments)

mortgage rate guidance: Should I Float? Should I Lock? - Daily Update for Thursday, April 23, 2009 - 04/23/09 08:12 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. 
Jobless Claims for last week came in higher than expected.  Though not a big jump it was higher even than last week's reading.  Existing Home Sales are being released later this morning - this could affect the bond market as well but only if the number is very different than expected..
Technically speaking - the FNMA 4.0% 30 year bond is between the 10 day … (0 comments)

mortgage rate guidance: Should I Float? Should I Lock? - Daily Update for Wednesday, April 22, 2009 - 04/22/09 08:03 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 scheduled economic reports due out til Thursday, bonds are taking their lead from stocks again.  With stocks looking to be opening down due to negative earnings from the likes of AT&T, Morgan Stanley and the apparent suicide of Freddie Mac's CFO bonds are heading in the expected up direction.
Technically speaking - the FNMA 4.0% 30 year bond is caught in another tight … (0 comments)

mortgage rate guidance: Should I float? Should I lock? - Daily Update for Tuesday, April 21, 2009 - 04/21/09 08:11 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 scheduled economic reports due out til Thursday, bonds are taking their lead from stocks again.  With stocks looking to be opening down bonds are heading in the expected up direction. Stocks are heading down due to the negative earnings reports coming out from the likes of Caterpillar, DuPont and Merck.
Technically speaking - the FNMA 4.0% 30 year bond is between the 10 … (1 comments)

mortgage rate guidance: Should I Float? Should I Lock? - Daily Update for Monday, April 20, 2009 - 04/20/09 08:04 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. 
Not much big news scheduled for this week.  With banks continued to come out with good news due to "updated" accounting methods, stocks are looking for a bit of profit taking today.  Bonds are looking to reap the benefits and mortgage rates along with them.
Technically speaking - the FNMA 4.0% 30 year bond is still below the 10 day and 25 day moving … (1 comments)

mortgage rate guidance: Should I Float? Should I Lock? - Daily Update for Friday, April 17, 2009 - 04/17/09 07:26 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 financial sector is on a roll.  Ever since the accounting change ("mark to market") came out allowing banks to not have to claim what their assets are worth by today's standards, "profits" have been soaring again.  Rather sad that a "simple" change could have made a bigger difference in where we are today.
But since this is not supposed to be an editorial, though … (3 comments)

mortgage rate guidance: Should I Float? Should I Lock? - Daily Update for Thursday, April 16, 2009 - 04/16/09 08:55 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. 
Jobless claims came in lower than expected as well as lower than last month.  Is this due to jobs being created? hemorrhaging of jobs being stopped? or folk falling off the rolls due to being on them for so long?  In any of these cases - the stock market likes this and the market is rallying, at the expense of the bond market.
Technically … (0 comments)

mortgage rate guidance: Should I Float? Should I Lock? - Daily Update for Wednesday, April 15, 2009 - 04/15/09 08:48 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 Economic News today - New York State's manufacturing increased though still signaling a contraction.  Consumer Price Index was lower than expected though the core was higher than analyst expectations.   This is creating a drag on stocks and sending money back through to bonds.
Technically speaking - the FNMA 4.0% 30 year bond levels is sitting on support levels. The bond is currently between overbought & oversold … (2 comments)

mortgage rate guidance: Should I float? Should I lock? - Daily Update for Tuesday, April 14, 2009 - 04/14/09 07:49 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 from 4 key reports today - Producer Price Index, Core PPI, Retail Sales (both) all came in lower than expected.  This is bound to result in better prices for bonds today and an improvement in rates.   
Technically speaking - the FNMA 4.0% 30 year bond levels is sitting on support levels. The bond is currently between overbought & oversold levels.
I am recommending to
   LOCK your … (2 comments)

mortgage rate guidance: Should I float? Should I lock? - Daily Update for Monday, April 13, 2009 - 04/13/09 08:20 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 economic reports released today.  Traders attempting to cycle through all the news for the extended Holiday weekend.   With European markets off today, US traders will be left to their own devices - not too much different than normal. 
Technically speaking - the FNMA 4.0% 30 year bond levels is sitting on support levels. The bond is currently sinking away from overbought levels.
I am recommending to
   LOCK your … (1 comments)

mortgage rate guidance: Should I Float? Should I Lock? - Daily Update for Thursday, April 9, 2009 - 04/09/09 08:04 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. 
How about that? Jobless claims actually came in lower than last month AND lower than analyst expectations.  Is this the start of the turn around?  or just a blip?  Balance of trade was also lower - always a good sign.  Either way bonds are off from yesterday's closing. 
(yesterday there was a bond rollover - the previous month's bonds expired so all the money in those bonds … (1 comments)

mortgage rate guidance: Should I Float? Should I Lock? - Daily Update for Wednesday, April 8, 2009 - 04/08/09 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. 
With continued fear of how earnings being released for last quarter stocks are taking a continued beating.  This is helping bond prices increase. 
Technically speaking - the FNMA 4.0% 30 year bond levels nicely broke through the 25 day moving average yesterday and is now sitting just below the 10 day moving average.  The bond has fallen nicely off overbought levels.
I am recommending to
   LOCK your best mortgage … (2 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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