Should I float? Should I lock? - Daily Update for Friday, March 28, 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.

Big news of the day - Personal Consumption Expenditures - came in exactly at expectations. This definitely shows inflation is currently in check. The bigger news of the day is personal income rising more than expected yet spending staying under control.

Technically speaking - the FNMA 5.5% 30 year bond has broken back below the 50 day moving average. Unless it can come back above this key level, rates will be getting much worse!

One should definitely

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

Posted Friday Mar 28

(03/28/08 07:55AM) — William Feela Owner/Broker North Branch,MN

The million dollar question....Even when you tell the clients what they should do...they will still try to out-think you.

(03/28/08 07:57AM) — Craig Roland

great ideas on the locks thanks for the advice

(03/28/08 10:51PM) — Marc DeSantis

Lately with the volatility wouldn't you say 9 times out of 10 the safe play would be to lock?

(03/29/08 07:22AM) — Matthew Rosov, Certified Mortgage Planning Specialist

Marc - correct

William - their loss

Craig - thanks

Matthew Rosov, Certified Mortgage Planning Specialist
Envision Lending Group

Matthew Rosov, Certified Mortgage Planning Specialist: Loan Officer in Laurel, MD

Office: (301) 536-2875

Mobile: (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.