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.
Bonds fell yesterday due to the 300+ point gain in the stock market. As stocks appear to be heading up again today, look for a struggle to maintain key support levels.
Technically speaking - the FNMA 4.5% 30 year bond has fallen to key support levels. A break through here could cause interest rates to worsen. The bond is currently neither overbought nor oversold.
I am recommending to
To learn why one should Float or Lock -
Check out Should I float? Should I lock? & Reasons to Float or Lock
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