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. 

Wow.  The Treasury Department is actually doing what they say they will do.  Currently they are buying up mortgage backed securities.  This is helping interest rates come to multi year lows.  Bonds are continuing to improve even with the Services Index coming in higher than expected.

Technically speaking - the FNMA 4.5% 30 year bond has risen back to resistance levels of the multi year high.  With the bond below the overbought range a mini rally could develop.

I am recommending to

  LOCK your mortgage rate until multi year highs are breached consistently.

 

To learn why one should Float or Lock -

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

 

 

 

     Rates & Fees GuaranteedTo obtain rates and fees with a $500 guarantee - come visit

 

 

 
This post has been included in Maryland Real Estate News
Post is included in group: Posts to Localism
Post is included in group: Realtors®
Post is included in group: The Art Of Marketing You
Post is included in group: The Lounge at Active Rain

0 Comments on Should I float? Should I lock? - Daily Update for Tuesday, January 6, 2009
What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 

Matthew Rosov, Certified Mortgage Planning Specialist

Laurel, MD

More about me…

Amerisave Mortgage Corporation

Address: 6502 Walker Branch Dr, Laurel, MD, 20707

Office Phone: (866) 970-7283 x 6840

Cell Phone: (301) 536-2875

Email Me

Maryland Mortgages and Market Reports


Links

Archives

RSS 2.0 Feed for this blog

Find MD real estate agents and Laurel real estate on ActiveRain.