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Should I Float? Should I Lock? - Daily Update for Wednesday, November 18, 2009

By
Mortgage and Lending with Amerisave Mortgage Corporation

Should I Float? Should I Lock? - Daily Update for Wednesday, November 18, 2009

Here are the daily thoughts on interest rate 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

Housing Starts and Building Permits both came in lower than expected.  The bigger news of the day is the Consumer Price Index coming in just over expectations. Yesterday's Producer Price Index coming below expectations helped allay immediate fears of inflation.

Look for rates this morning to remain steady from where they closed Tuesday when rate sheets are released by AmerisaveMortgage Corporation.

Technically speaking - the FNMA 4.5% 30 year bond is currently keeping above the all important 200 day moving average. The bond is coming down from overbought status.

I am recommending to

   LOCK your best 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 Guaranteed

To obtain rates and fees with a $500 guarantee - come visit

 

Tony Grego, 317-663-4173 #1 Trade Association for Alternative Inv
REISA - 317-663-4173 - Indianapolis, IN

Yep. Rates are super low. Don't risk losing for 1/8th

 

 

good post

tony

Nov 17, 2009 11:55 PM
Associate Broker Falmouth MA Cape Cod Heath Coker
https://teamcoker.robertpaul.com - Falmouth, MA
Heath Coker Berkshire Hathaway HS Robert Paul Prop

Remember that rates usually rise in the second years of a president. Buy now and avoid the rush!

Nov 23, 2009 11:01 PM