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.
Consumer Price Index (CPI) came in quite a bit lower than expected as did the Core CPI. Both of these can be contributed to the fall in oil prices over that past few months. For those not following the news - over a $100 per barrel cheaper from highs this past summer.
Technically speaking - the FNMA 6.0% 30 year bond rose above the 200 day moving average yesterday. Being able to hold or move higher will be a good thing. The bond is still hovering just under the overbought state..
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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