Should I Float? Should I Lock? - Daily Update for Friday, August 14, 2009

Should I Float? Should I Lock? - Daily Update for Friday, August 14, 2009

Here are the daily thoughts on interest rate 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.

Consumer Price Index (regular and core) both came in at analyst expectations though lower than last month's numbers. Productivity and Capacity were both a bit higher than expected. Lastly Consumer Sentiment came in lower than expected and lower than last month.

Technically speaking - the FNMA 4.5% 30 year bond has returned to bump up against the 200 day moving average. The bond is currently neither overbought nor oversold.

I am recommending to

LOCK your best mortgage rate.

To learn why one should Float or Lock -

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

To obtain rates and fees with a $500 guarantee - come visit