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.

Slow News today.  Bonds will be taking their cue from stocks today.  Though look for it to get hectic starting tomorrow with such things as Consumer Price Index, Producer Price Index, Retail Sale, & Consumer Confidence being updated during the week.

Technically speaking - the FNMA 6.0% 30 year bond broke through 2 1/2 year highs on Friday and is now bumping up against another major resistance level.  This coupled with bonds still being in an overbought stance the prudent thing to do would be taking the gains that were given and

 

...    Locking.

     

 

To learn why one should Float or Lock -

                          Check out Should I float? Should I lock? & Reasons to Float or Lock

 

3 Comments on Should I float? Should I lock? - Daily Update for Monday, January 14, 2008

JAN
14
2008
281,921 Points 2 Featured Posts Localism Sponsor Outside Blog
My coffe my breakfast and this blog Thanks
8:06am • #1
The old age question comes forth.... Locking a rate in todays market is like going to Vegas!!!
8:26am • #2
270,461 Points 20 Featured Posts Localism Sponsor Outside Blog
Great words...great to pierce those levels of resistance.  Let's see where it invariably ends.
8:32am • #3

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Matthew Rosov, Certified Mortgage Planning Specialist

Laurel, MD

More about me…

Amerisave Mortgage Corporation

Address: 6502 Walker Branch Dr, Laurel, MD, 20707

Office Phone: (866) 970-7283 x 6840

Cell Phone: (301) 536-2875

Email Me

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