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.
No major economic reports today. Stocks are looking to move up today. Bonds are apparently dropping off from the massive runup on Wednesday following the Feds announcement it will be buying even more mortgage backed securities to help maintain the 4-4.5% range mortgages have been in.
Technically speaking - the FNMA 4.5% 30 year bond has fallen back from multi-year highs. The bond is deep in overbought levels.
I am recommending to
LOCK your mortgage rate in at the improved pricing coming out today.
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
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