Should I Float? Should I Lock? - Daily Update for Thursday, September 10, 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. 

Weekly Jobless Claims came in lower than expected.  The US trade imbalance rose $5 Billion more than expected.  Yesterday, the Treasury Auction came in quite nicely resulting in support of the bond at the 200 day moving average.

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

Technically speaking - the FNMA 4.5% 30 year bond is holding above the 200 day moving average.  The bond is high in th 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

 

     Rates & Fees Guaranteed

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

 

 
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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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