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. 

Though Consumer Confidence readings will be released at 10, the general mood of the market is still somber - just like President Obama's speech tonight is supposed to be.  The stock market is at levels not seen since 2002. Normally money coming out of stocks flow into bonds.  In today's present state, money flows out of stocks...

Technically speaking - the FNMA 4.5% 30 year bond is still struggling to stay near support levels.  The bond is currently neither overbought nor oversold.

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

 

 

 

 

 

 

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

 

 

 
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Matthew Rosov, Certified Mortgage Planning Specialist

Laurel, MD

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Amerisave Mortgage Corporation

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

Office Phone: (866) 970-7283 x 6840

Cell Phone: (301) 536-2875

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