Should I Float? Should I Lock? - Daily Update for Thursday, March 12, 2009

By
Mortgage and Lending with Amerisave Mortgage Corporation

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

Jobless claims rose again last week while retail sales though weaker than the previous period was not as bad as analysts expected. Though not great news finally beating expectations says something for the economy. (though one data point does not a trend make)

Technically speaking - the FNMA 4.5% 30 year bond is holding near support levels.  Being able to maintain support levels will allow rates to maintain current levels.  The bond is currently neither overbought nor oversold.

I am recommending to

  LOCK your mortgage rate.

 

To learn why one should Float or Lock -

                          Check out Should I float? Should I lock? & Reasons to Float or Lock

 


 

 

 

 

 

 

     Rates & Fees GuaranteedTo obtain rates and fees with a $500 guarantee - come visit

 

 

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Matthew Rosov

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