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Should I Float? Should I Lock? - Daily Update for Thursday, February 12, 2009

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.

Jobless Claims rose again for another week. Surprisingly Retail Sales rose more than expected. Eyes are on Washington again to see how the stimulus bill proceeds. Bill could become law by Monday.

Technically speaking - the FNMA 4.5% 30 year bond is trading right at the 10 day and 50 day moving averages. The bond is coming up off of oversold levels still leaving plenty of room for any rally's that may take shape.

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

Posted by Matthew Rosov, Certified Mortgage Planning Specialist on 02/12/2009 08:18 AM

Comments (1)

Mortgage Rate Guidance in the Mortgage / Finance Channel

mortgage education, mortgage rate guidance, mortgage rates, maryland mortgages, market reports, locking rates

Originally posted at: Matthew's Mortgage Education Blog: Should I Float? Should I Lock? - Daily Update for Thursday, February 12, 2009

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1 Comments on Should I Float? Should I Lock? - Daily Update for Thursday, February 12, 2009

FEB

Consulting a mortgage agent is a great idea but in today's rapidly changing world the rates are changing by the hour

Shelton

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