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.
The Productivity report showed a slight improvement today. The Service Index which started a big move last month was also up today.
Technically speaking - the FNMA 5.5% 30 year bond sank below the 100 day moving averages yesterday. After briefly reaching up to the 100 day moving average it has again fallen. With Jobless Claims tomorrow and Unemployment and non-Farm payrolls on Friday, another test of the 200 day moving average could come soon.
The best bet in these trouble times is to
Lock.
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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Love the reason to float or lock post. Thanks for sharing your perspective.
I agree:0
Love your blog. I read it all the time. Keep up the good work.
Thanks for all your kind comments!