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Should I float? Should I lock? - Daily Update for Friday, March 21, 2008Here 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. Both stock market and bond market are closed today for the holiday. Technically speaking - the FNMA 5.5% 30 year bond is caught in a tight trading range (at least as historic ranges go). Unfortunately, the last time in this range, the bond fell more than 350 bps. Bonds are also seen to be in an overbought range. With all this - I would still recommend one to To learn why one should Float or Lock - Check out Should I float? Should I lock? & Reasons to Float or Lock |
Author
Matthew Rosov, Certified Mortgage Planning Specialist Envision Lending Group Laurel, MD Office Phone: (301) 536-2875 Cell Phone: (301) 536-2875 More information... Contact Matthew Rosov, Certified Mortgage Planning Specialist |
Lock your interest rate.