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Should I Float? Should I Lock? - Daily Update for Friday, March 27, 2009

By
Mortgage and Lending with Amerisave Mortgage Corporation

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

Personal Consumption for both February and the year ending in February came in higher than the previous period.  This along with Personal Spending being up and Personal Income down indicates Americans were not the savers which had been the indication in recent times - back to the consumer the world has come to love and loathe.

Technically speaking - the FNMA 4.5% 30 year bond is back testing support levels.  The bond is nearing overbought 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

 

 

Naoma Doriguzzi
Virginia Beach - Virginia Beach, VA
New Media Director

Matthew - you must be a busy guy!  Love this series of posts that you do.  Take care...

Mar 27, 2009 12:42 AM
Diane Aurit
LKN Realty, LLC - Mooresville, NC
Lake Norman Real Estate

Rates for conforming loans are amazing!  Buyer's should lock if they can.  Thanks for your great insight as always.

Mar 27, 2009 08:49 AM