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.

Other than news of Microsoft not buying Yahoo for $46 billion, the only other real news is the non-manufacturers or services index came in higher than expected. Other than a brief dip in bond prices things are back up to par and taking their lead from the stock market.

Technically speaking - the FNMA 5.5% 30 year bond have rebounded above all moving average this morning. Even after the initial shock of better than expected losses in the job market, the updated numbers for the past few months show continued weakness in the economy.

With all this volatility, now would be a good time to continue to

Lock your interest rate.

To learn why one should Float or Lock -

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