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.
Personal Income fell for last month and Personal spending also went down - almost some logic to it all. Durable Goods orders were also down but not as far down as expected.
Technically speaking - the FNMA 4.5% 30 year bond rose back to the 10 day moving average yesterday after some volatility. This morning bonds are looking to improve on a shortened trading day.
I am recommending to
LOCK your mortgage rate (stays above the multi year average for a couple days).
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
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