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.

As you may have already heard, housing starts at their worst levels in nearly 12 years.  Though some may consider this bad, at least it's not adding to the existing glut of homes on the market.  Initial Jobless Claims (those folk seeking 1st time unemployment relief) came in lower than expected.  The Philadelphia Fund Index came in considerably lower than expected.  All this coupled with Bernanke's comments to "juice the economy" has led to in increase in the bond (good news for mortgage rates)

Technically speaking - the FNMA 5.5% 30 year bond bounced off of the 10 day moving average yesterday and is continuing to climb towards the 2.5 year high resulting in lower mortgage rates.  The bond is still in an overbought stance.

The stock market is still slumping from the economic news but bonds aren't rallying as much as expected.  Since this level appears to be a tough one to be breaking and the overbought status of the bond - continue to stay in a conservative stance and

...    lock.

To learn why one should Float or Lock -

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