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. 

GDP fell the most is has in 26 years!  Though the sharpest decline since 1982 it didn't come in nearly as bad as analysts expected.

Technically speaking - the FNMA 4.0% 30 year bond fell below a key support level yesterday.  If unable to regain this level, look for an increase in interest rates over the next couple weeks.

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

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