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 day - Personal Consumption Expenditures - came in exactly at expectations.  This definitely shows inflation is currently in check.  The bigger news of the day is personal income rising more than expected yet spending staying under control. 

Technically speaking - the FNMA 5.5% 30 year bond has broken back below the 50 day moving average.  Unless it can come back above this key level, rates will be getting much worse!

One should definitely  

     Lock your interest rate.

 

To learn why one should Float or Lock -

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

 
 
This post has been included in Maryland Real Estate News

4 Comments on Should I float? Should I lock? - Daily Update for Friday, March 28, 2008

MAR
28
2008
1,405,835 Points 54 Featured Posts Outside Blog Called Shot Master
The million dollar question....Even when you tell the clients what they should do...they will still try to out-think you.
7:55am • #1
great ideas on the locks thanks for the advice
7:57am • #2

Lately with the volatility wouldn't you say 9 times out of 10 the safe play would be to lock?

 
10:51pm • #3
MAR
29
2008
185,141 Points 2 Featured Posts Outside Blog

Marc - correct

William - their loss

Craig - thanks
7:22am • #4


What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 

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

Maryland Mortgages and Market Reports


Links

Archives

RSS 2.0 Feed for this blog

Find MD real estate agents and Laurel real estate on ActiveRain.