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 came in at -1% which is much better than last month and better than expectations - so even though the US economy is down for the month, it's still not as bad as it used to be. The Chicago Business Barometer came in slightly better than expected but still in contracting mode.
Technically speaking - the FNMA 4.5% 30 year bond is rising nicely above the 200 day moving average. It is currently rising from oversold status.
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
Comments(0)