Matthew's Mortgage Education Blog

Should I Float? Should I Lock? - Daily Update for Thursday, November 19, 2009

Thu, 19 Nov 2009 09:41:52 -0600

Should I Float? Should I Lock? - Daily Update for Thursday, November 19, 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 came in on target while the Philadelphia Fed Index came in sharply higher than otherwise expected. Though this would normally put the kibosh on bonds - the stock market is taking a major slide today which is helping bonds to remain at least par from yesterday.

Look for rates this morning to remain steady 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 coming down from overbought 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

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

Should I Float? Should I Lock? - Daily Update for Wednesday, November 18, 2009

Wed, 18 Nov 2009 07:53:55 -0600

Should I Float? Should I Lock? - Daily Update for Wednesday, November 18, 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.

Housing Starts and Building Permits both came in lower than expected. The bigger news of the day is the Consumer Price Index coming in just over expectations. Yesterday's Producer Price Index coming below expectations helped allay immediate fears of inflation.

Look for rates this morning to remain steady from where they closed Tuesday 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 coming down from overbought 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

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

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

Fri, 06 Nov 2009 07:39:51 -0600

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

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

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

Thu, 05 Nov 2009 07:56:52 -0600

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

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

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

Mon, 02 Nov 2009 09:38:30 -0600

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

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

Searching for Advice on How to Rent Our Home to a Corporation??

Sun, 01 Nov 2009 09:11:27 -0600

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 house 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

Fri, 30 Oct 2009 09:38:06 -0500

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

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

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

Thu, 29 Oct 2009 08:20:58 -0500

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

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

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

Wed, 28 Oct 2009 09:12:00 -0500

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

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

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

Fri, 23 Oct 2009 09:45:09 -0500

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

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

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

Thu, 22 Oct 2009 08:37:15 -0500

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

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

Should I float? Should I lock? - Daily Update for Tuesday, October 20, 2009

Tue, 20 Oct 2009 08:20:16 -0500

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

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

Should I Float? Should I Lock? - Daily Update for Thursday, October 15, 2009

Thu, 15 Oct 2009 09:07:46 -0500

Should I Float? Should I Lock? - Daily Update for Thursday, October 8, 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 Consumer Price Index (CPI) report was release this morning. Surprisingly, core CPI readings showed an increase. The Empire Index came in quite a bit better while the Philadelphia Index was depressed. Lastly Jobless Claims for last week were down slightly. This all on top of yesterday's suprising news is pushing bonds below the 200 day moving average.

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

Technically speaking - the FNMA 4.5% 30 year bond has dropped to the 200 day moving average. The bond is far from overbought 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

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

Should I Float? Should I Lock? - Daily Update for Wednesday, October 14, 2009

Wed, 14 Oct 2009 08:07:30 -0500

Should I Float? Should I Lock? - Daily Update for Thursday, October 8, 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.

Retail Sales came in much lower than last month but no where near as bad as expected. This is resulting in very bad performance by bonds this morning..

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

Technically speaking - the FNMA 4.5% 30 year bond has dropped to the 200 day moving average. The bond is far from overbought 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

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

Should I Float? Should I Lock? - Daily Update for Thursday, October 8, 2009

Thu, 08 Oct 2009 08:03:39 -0500

Should I Float? Should I Lock? - Daily Update for Thursday, October 8, 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.

Little scheduled economic news occurred this week. Today Initial Jobless Claims for last week were released coming in lower than expectations. This should add to the Stock Market fervor going on in recent weeks. Bonds have been holding their own attempting a foothold above the new developing ceiling.

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

Technically speaking - the FNMA 4.5% 30 year bond having a tough time with its current resistance level. The bond being in overbought 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

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

Should I Float? Should I Lock? - Daily Update for Monday, October 5, 2009

Mon, 05 Oct 2009 09:04:47 -0500

Should I Float? Should I Lock? - Daily Update for Monday, October 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.

With the Service Sector Index coming in slightly better than expected as well as higher than last month, this is allowing investors are moving forward with stocks and selling bonds to support their habit.

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

Technically speaking - the FNMA 4.5% 30 year bond having a tough time with its current resistance level. The bond being high in overbought status.

I am recommending to

LOCK your best mortgage rate. (This is the closest I will come to going back to floating. With lenders no longer offering over night pricing - this is an awesome time to lock in a great rate!)

To learn why one should Float or Lock -

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

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

Should I Float? Should I Lock? - Daily Update for Friday, October 2, 2009

Fri, 02 Oct 2009 08:17:13 -0500

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

An additional 263,000 jobs were lost last month - much worse than expected. Unemployment rose to 9.8% right in line with expectations. Hourly Earnings and Average Work Week were also both a bit lower than expected..

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

Technically speaking - the FNMA 4.5% 30 year bond have broken through a resistance level but remains to be seen if it can maintain this due to the bond being high in overbought status.

I am recommending to

LOCK your best mortgage rate. (This is the closest I will come to going back to floating. With lenders no longer offering over night pricing - this is an awesome time to lock in a great rate!)

To learn why one should Float or Lock -

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

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

Should I Float? Should I Lock? - Daily Update for Thursday, October 1, 2009

Thu, 01 Oct 2009 09:17:37 -0500

Should I Float? Should I Lock? - Daily Update for Thursday, October 1, 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.

Personal Income and Personal Spending were both higher than expected. Jobless Claims according to Uncle Sam were also higher than expected. Personal Consumption and Expenditures for last month were in line with last month's numbers while the annual comparison was less than expected. The national manufacturing index was below expectations and last months numbers though still in what is considered an expansion phase.

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

Technically speaking - the FNMA 4.5% 30 year bond have broken through a resistance level but remains to be seen if it can maintain this due to the bond being high in overbought 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

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

Should I Float? Should I Lock? - Daily Update for Wednesday, September 30, 2009

Wed, 30 Sep 2009 09:15:15 -0500

Should I Float? Should I Lock? - Daily Update for Wednesday, September 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.

GDP came in a bit higher than expected though still showing a contraction of just under 1%. ADP reported jobless lower than expected yet better than last month's reading. This along with yesterdays weaker than expected Consumer Confidence and the current selloff in the stock market is helping bonds to maintain its current mark near a key ceiling level.

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

Technically speaking - the FNMA 4.5% 30 year bond has stayed above the 200 day moving average and attempting to stay above support levels. The bond is high in overbought 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

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

Should I Float? Should I Lock? - Daily Update for Monday, September 28, 2009

Mon, 28 Sep 2009 08:27:25 -0500

Should I Float? Should I Lock? - Daily Update for Monday, September 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.

No economic news due out today. Markets will be a bit slow (read volatile) due to the religious holiday. Look for bonds to hold the gain eked out on Friday and rates to maintain their current level.

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

Technically speaking - the FNMA 4.5% 30 year bond has satyed above the 200 day moving average and attempting to stay above support levels. The bond is coming approaching overbought 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

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

Should I Float? Should I Lock? - Daily Update for Friday, September 25, 2009

Fri, 25 Sep 2009 09:20:50 -0500

Should I Float? Should I Lock? - Daily Update for Friday, September 25, 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.

Durable Good Orders came in surprisingly low - much lower than expected and lower than last month. New home Sales came in slightly lower than last month and below expectations. Consumer Sentiment (a trailing indicator shows an uptick but this would be more based on the good news which has come out recently - which could be false).

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

Technically speaking - the FNMA 4.5% 30 year bond has broken back above the 200 day moving average. The bond is coming down from overbought 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

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

Should I Float? Should I Lock? - Daily Update for Thursday, September 24, 2009

Thu, 24 Sep 2009 09:10:43 -0500

Should I Float? Should I Lock? - Daily Update for Thursday, September 24, 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.

Initial Jobless Claims for last week were released showing lower amounts than expected, i.e. more jobs being realized. Existing home sales came in weaker than otherwise expected.

Look for rates to improve this morning when rate sheets are released by Amerisave Mortgage Corporation.

Technically speaking - the FNMA 4.5% 30 year bond has attempting to regain the 200 day moving average. The bond is coming down from overbought 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

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

Should I Float? Should I Lock? - Daily Update for Wednesday, September 23, 2009

Wed, 23 Sep 2009 08:21:13 -0500

Should I Float? Should I Lock? - Daily Update for Wednesday, September 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.

Nothing major on the economic calendar until this afternoon when the Fed releases the results of their meeting. It is still largely suspected the Fed will continue to do nothing as there have been no real signs of inflation nor a significant turnaround in the economy. Even with these suspicions, bonds are holding their breath and sinking away from resistance levels back towards support levels.

Look for rates to worsen this morning when rate sheets are released by Amerisave Mortgage Corporation.

Technically speaking - the FNMA 4.5% 30 year bond has descended below the 200 day moving average. The bond is coming down from overbought 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

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

Should I Float? Should I Lock? - Daily Update for Monday, September 21, 2009

Mon, 21 Sep 2009 08:25:17 -0500

Should I Float? Should I Lock? - Daily Update for Monday, September 21, 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.

With no major news due out today, bonds are taking direction from stocks. Currently bonds are looking to recover somewhat from Friday's drop, though hitting a bit of a rough time against the 200 day moving average.

Look for rates to improve slightly this morning when rate sheets are released by Amerisave Mortgage Corporation.

Technically speaking - the FNMA 4.5% 30 year bond has bounced back above to the 200 day moving average. The bond is coming down from overbought 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

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

Should I Float? Should I Lock? - Daily Update for Friday, September 18, 2009

Fri, 18 Sep 2009 08:08:41 -0500

Should I Float? Should I Lock? - Daily Update for Friday, September 18, 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.

No scheduled reports due out today. Yesterday, bonds rallied nicely due to an announcement from the Treasury Department in terms of next week's bond auctions.

Look for rates to improve this morning when rate sheets are released by Amerisave Mortgage Corporation.

Technically speaking - the FNMA 4.5% 30 year bond has bounced back above to the 200 day moving average. The bond is coming down from overbought 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

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