Should I Float? Should I Lock? - Daily Update for Thursday, November 19, 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.
jobless Claims came in on target while the Philadelphia Fed Index came in sharply higher than otherwise expected. Though this would normally put the kibosh on bonds - the stock market is taking a major slide today which is helping bonds to remain at least par from yesterday.
Look for rates this morning to remain steady from where they closed Wednesday 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
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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