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Should I float? Should I lock? - Daily Update for Tuesday, June 17, 2008

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.

Building Permits and Housing Starts came in almost exactly where they were predicted to be. Producer Price Index (PPI) came in higher than expected, though core PPI came in exactly on target (good news). Capacity Utilization and Industrial Production both came in below expectations.

Technically speaking - the FNMA 6.0% 30 year bond fell yesterday to support levels. This morning it appears to be taking a nice bounce with the core PPI news. Bonds are still in an oversold position leaving a lot of room on the upside.

Since this is no time to gamble, if you haven't done so yet

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

Posted by Matthew Rosov, Certified Mortgage Planning Specialist on 06/17/2008 08:21 AM

Comments (1)

mortgage rates, mortgage education, maryland mortgages, market reports, locking rates, tips

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1 Comments on Should I float? Should I lock? - Daily Update for Tuesday, June 17, 2008

Thanks for sharing, maybe I need to carry dice and let the buyers decide for themselves.

06/17/2008 08:30 AM

by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Greater Atlanta)

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