Should I float? Should I lock? - Daily Update for Friday, April 25, 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.

Consumer Sentiment was expected to be at levels higher than last month but ended up falling to less than what it was las month. Neither terrific nor horrific, but in an environment starved for news on where to take direction - an overall positive note for bonds.

Technically speaking - the FNMA 5.5% 30 year bond though still below the 50 & 100 day moving averages is making a move to break above these key ceiling levels.

Today is another great day to

Lock your interest rate.

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