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

  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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1 Comments on Should I Float? Should I Lock? - Daily Update for Friday, February 27, 2009

FEB
27
2009

Several years ago we ran a program on the history of interest rates spanning 25 years and the result over-all was to float. In today's market though-this is unchartered water.
11:07am • #1


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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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