Here are the daily thoughts on floating or locking if you are asked by your clients.
Video Version available - http://www.youtube.com/watch?v=UaiaDkzsnwA
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
Wow! Double barrel of fun today. Pundits got it right when they said the GDP would fall by 1/2%. The other "bit of good news" is The Fed is actually going to buy up mortgage related debt like the original plan called for. This has sent bonds tearing through old barriers
Technically speaking - the FNMA 6.0% 30 year bond has (at least temporarily) broken through a descending trend line. This could signal a new mini boom in falling interest rates. Though with bonds still in overbought range it could weaken the current rally.
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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