Laurel, MD

Should I Float? Should I Lock? - Daily Update for Friday, November 6, 2009

Here are the daily thoughts on interest rate 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.

Good News for bonds (Bad News for the economy). Though the average work week rose slightly as did hourly earnings - Payrolls dropped more than expected and Unemployment rose to 10.2%. All this is giving a very positive uplift to bonds.

Look for rates this morning to be drop from where they closed Thursday when rate sheets are released by AmerisaveMortgage Corporation.

Technically speaking - the FNMA 4.5% 30 year bond is currently keeping above the all important 200 day moving average. The bond is rising from oversold status.

I am recommending to

LOCK your best mortgage rate.

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

Should I Float? Should I Lock? - Daily Update for Thursday, November 5, 2009

Here are the daily thoughts on interest rate 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.

The Fed left the Federal Funds Rate where it was with promises of leaving it where it is for the foreseeable future. Jobless Claims dipped slightly while Productivity rose more than expected.

Look for rates this morning to be rise some from where they closed Wednesday when rate sheets are released by AmerisaveMortgage Corporation.

Technically speaking - the FNMA 4.5% 30 year bond is currently keeping above the all important 200 day moving average. The bond is rising from oversold status.

I am recommending to

LOCK your best mortgage rate. I

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

Should I Float? Should I Lock? - Daily Update for Monday, November 2, 2009

Here are the daily thoughts on interest rate 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.

Pending Home Sales came in lower than last month but significantly higher than expected. The Manufacturing Index also came in more robust than expected. Surprisingly, neither of these reports are causing the angst in the bond market as one would expect.

Look for rates this morning to be dip some from where they closed Friday when rate sheets are released by AmerisaveMortgage Corporation.

Technically speaking - the FNMA 4.5% 30 year bond is currently keeping above the all important 200 day moving average. The bond is rising from oversold status.

I am recommending to

LOCK your best mortgage rate. I

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

Sometime folk can be so dense (pick me). My wife and I have been considering a move to Northern Virginia (Annandale area) but have a nice size house in Laurel, MD which we are loathe to sell (upside down and a gorgeous piece of property).

We want to rent out our house but are extremely skittish about renting to a family or private individuals (our history of renting to others hasn't been very successful). So we have gotten this bright idea of renting to a corporation.

We understand this might not be the best way to go but also it could be. So we are opening ourselves up to the best and the brightest of this august institution better known as Active Rain!

A real quick run down about the house - 3Br/3.5Ba, office (could be a bedroom) on main level, wood burning fireplace in family room, DR, formal living room, basement with washer/dryer - also really cool workbench. Sits on 1/2 acre of land (back half of land has an easement so no possibility of subdividing - also means combining with other properties one has about an acre of "park" in their back yard). It is located in West Laurel (less than a mile from I-95); 1/2 way between D.C. and Baltimore; about 10 miles from Fort Meade and NSA.

What are your suggestions? Rent to a corporation or military? if so, what do we need to do to maximize our income? fully furnished? provide lawn and maid service? a person coming in to cook meals? the bare bones of services?

Looking for YOUR advice. Of course, good sound advice is always appreciated. Who knows a referral might come out of it all.

So here you go - what are your thoughts?

Should I Float? Should I Lock? - Daily Update for Friday, October 30, 2009

Here are the daily thoughts on interest rate 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.

Most interesting news today. Personal Spending came in as expected (though down from last month), Personal Consumption for last month and compared to last year were both in line with expectations. Personal Income came in as expected though slightly lower than last month. Only thing possibly affecting rates in a bad was Consumer Confidence coming in slightly higher than expected.

Yesterday's auction for Treasury's came in not very well received. This caused bonds to dip.

Look for rates this morning to be dip some from where they closed yesterday when rate sheets are released by AmerisaveMortgage Corporation.

Technically speaking - the FNMA 4.5% 30 year bond is currently keeping above the all important 200 day moving average. The bond is rising from oversold status.

I am recommending to

LOCK your best mortgage rate. I

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