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.
Gross Domestic Product fell by 6.2% - biggest loss in 26 years. Uncle Sam is close (36%) to be a majority stakeholder in Citigroup. Global markets took a beating today and our own stock market is looking at a dreary opening.
Technically speaking - the FNMA 4.5% 30 year bond bounced off a major support level yesterday and is looking to make some more advancements today. The bond is coming off of oversold levels.
I am recommending to
To learn why one should Float or Lock -