Here are the daily thoughts on floating or locking if you are asked by your clients. 

Video version available - http://www.youtube.com/watch?v=kj-LmRZJyQU 

As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation. 

Again all eyes are turning to the ongoing drama between the Big 3 automakers and Congress.  With no economic reports due out till tomorrow bonds will be following stocks lead. 

Technically speaking - the FNMA 5.5% 30 year bond bounced off key support levels yesterday and is now being dragged along by the 10 day moving average.  Bonds are taking a breather from being in the overbought range - always a good sign..

I am recommending to

  LOCK your mortgage rate.

To learn why one should Float or Lock -

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

     To obtain rates and fees with a $500 guarantee - come visit