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 average work week held steady (33.0 hours), Hourly Earnings held steady (but below expectations), non farm payrolls were off by 100,000 from expectations and the national unemployment rate worsened by .1% to 9.5% (lower than expectations).  All in all this should be enough to get bonds beyond the current ceiling it's battling against - in reality with bonds overbought it will be a tough day.

Technically speaking - the FNMA 4.0% 30 year bond is battling a tough resistance level along with the 50 day moving average.  Bonds are in the overbought range.

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