Should I float? Should I lock? - Daily Update for Monday, February 25, 2008

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.

Only news released this morning was existing home sales. Even though dropping by .4%, home sales came in slightly better than expected.

Technically speaking - the FNMA 5.5% 30 year bond is currently caught between the 100 day and 200 day moving average. With little news out today - look for bonds to continue to worsen (i.e. - rates to go higher).

This is a great opportunity to

Lock .

To learn why one should Float or Lock -

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

Posted Monday Feb 25

Matthew Rosov, Certified Mortgage Planning Specialist
Envision Lending Group

Matthew Rosov, Certified Mortgage Planning Specialist: Loan Officer in Laurel, MD

(301) 536-2875

Education in the Mortgage Planning process help folk understand how to turn their "biggest debt" into their greatest asset! Have me show you how to accomplish this.