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.
Another no news full trading day. As 2008 comes to a close with a not very bright outlook for 2009, bond markets are attempting another break above multi year highs & mortgage rate lows.
Technically speaking - the FNMA 4.5% 30 year bond is currently bumping up against the 2008 closing high. The bond still in the lower overbought range so although any rally will be short - the possibility of gaining ground is good..
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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