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.
No economic news being released today. Just a coming down from the excitement of yesterday's announcement of the Treasury Department buying up "toxic" funds in an attempt to get credit flowing from banks again. As the details are digested and the news becomes a reality we shall see how the various markets react after the euphoric afterglow goes to the day by day grind.
Technically speaking - the FNMA 4.5% 30 year bond is back testing support levels. The bond is still retreating from overbought levels.
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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