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 flu will be brought under control (sooner than later).  When that happens the stock market will start to improve and bonds will start dropping again.  So take advantage of these interest rates and lock in NOW!!

Technically speaking - the FNMA 4.0% 30 year bond is coming up to major resistance levels and is coming up on 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