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.

More good news (at least from a rate perspective).  Gross Domestic Product came in lower than expected (good) & Jobless claims came in higher than expected (good).  Both sets of data support the idea of a downturn of the economy. 

Technically speaking - the FNMA 5.5% 30 year bond has broken through the 100 day moving average with a vengeance.  If it stays above this mark, then rates will be gaining some of the ground it has lost over the past couple weeks.

At this point one could  

     Float.

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