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.
Economic Report out this morning showing Trade Deficit dropping slightly. Unfortunately, normal news is not doing much to the markets these days. Fear is running rampant.
Technically speaking - the FNMA 5.5% 30 year bond broke through the 200 day moving average yesterday. Bonds are continuing their downward trend. Bonds are currently heading to be oversold.
Until current 3 year highs are broken in a significant manner, I am recommending to
To learn why one should Float or Lock -