Should I float? Should I lock? - Daily Update for Monday, Mrch 3, 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 economic report out today is the Manufacturing Index Report. This tells how manufacturing executives see the state of their sector. The report came in slightly better than expected, but still signalling a contraction in manufacturing.

Technically speaking - the FNMA 5.5% 30 year bond has popped above all moving averages on Friday. This morning the bond has dropped below the 25 day and 10 day moving averages.

It would be best 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 Mar 03

(03/03/08 09:21AM) — Kim Kelley

Thanks for sharing, good post.

(03/03/08 10:00AM) — Matthew J Blum - MyFavoriteMortgage.net

Matt, Right now I am telling my clients the same thing. Better be safe and lock it!

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.