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.

Big news of the week will be on Friday.  Though nothing is scheduled today, Mr. Bernanke spoke to the Independent Community Bankers of America about "Reducing Preventable Mortgage Foreclosures." His remarks caused the bond market to calm a bit.  Big news for the day is the stock market tanking.

Technically speaking - the FNMA 5.5% 30 year bond sank below the 25 and 50 day moving averages yesterday. 

Until the bond crosses back above the 50 day moving average it would be best to  

     Lock.

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