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Should I float? Should I lock? - Daily Update for Tuesday, December 30, 2008

By
Mortgage and Lending with Amerisave Mortgage Corporation

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

Consumer Confidence is released later today.  Also, this last full trading day of the year should promise for some ups and downs.    

Technically speaking - the FNMA 4.5% 30 year bond fell below support levels yesterday.  The bond is appearing to be coming down from the overbought range - always a good thing.

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

 


 

 

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