Here are the daily thoughts on floating or locking if you are asked by your clients.
Video version available at http://www.youtube.com/watch?v=k8L_TJDIDn8
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
No reported economic news today. Global markets are looking to rebound on rumors of Citi Group looking to sell itself - to whom would be an interesting question. US markets are looking to rebound both on this news as well as hitting a key support level yesterday.
Technically speaking - the FNMA 6.0% 30 year bond still holding above the 200 day moving average but still caught in a very tight trading range. The bond is just below the overbought range.
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
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