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 are sinking lower today due to the amount of refinances going on as well as the selling of even more Treasury bonds being used to finance the economic recovery.  The amount of paper coming on the market is almost overwhelming.  Because of that as well as stocks recovering and oil increasing bonds are looking grim and mortgage rates continue to increase. 

Technically speaking - the FNMA 4.5% 30 year bond is definitely in negative territory and way below the 200 day moving average.   Bonds are oversold.

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

 

     Rates & Fees GuaranteedTo obtain rates and fees with a $500 guarantee - come visit

 

 

 
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1 Comments on Should I Float? Should I Lock? - Daily Update for Wednesday, June 10, 2009

JUN
10
2009
953,352 Points 93 Featured Posts Outside Blog Called Shot Master

Smart advice for all!  Rates have been rising and I noticed there are 7.8% less mortgage applications nationally in today's business news.
9:24am • #1


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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

Cell Phone: (301) 536-2875

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