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.
Even in the face of multi month highs in the stock market, bonds are holding their own. Yesterday's 200+ stock market gain should have resulted in bonds going down and rates going up, instead bonds rose nicely yesterday with apparent gains again this morning.
Technically speaking - the FNMA 4.0% 30 year bond broke up to the 10 day moving average yesterday. Being able to gain a foot hold above this mark could result in better pricing especially with the bond being 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
To obtain rates and fees with a $500 guarantee - come visit
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