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.
The national employment firm ADP reported a decrease in jobs for last month which wasn't as bad as the previous month nor as bad as what analysts expected. The Services Index showed an increase over both last month's number as well as what analysts expected.
Technically speaking - the FNMA 4.0% 30 year bond closed at the 50 day moving average yesterday. A bounce today will result in better mortgage rates. The bond is currently sitting in oversold status.
I am recommending to
To learn why one should Float or Lock -