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 rose again though analysts are getting better coming up with new highs in this area. GDP was worse than last month and the worse in 26 years though not as bad as expected (by those same pesky analysts). The stock market appears to be shaking off the news and an up day appears to be in the works.
Technically speaking - the FNMA 4.5% 30 year bond is back testing support levels. The bond is still retreating from overbought levels.
I am recommending to
To learn why one should Float or Lock -
Check out Should I float? Should I lock? & Reasons to Float or Lock
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