Should I float? Should I lock? - Daily Update for Monday, June 30, 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.

Oil is up, stock market down - bonds are confused. The Midwest "Business Barometer" came in this morning higher than expected yet still in an "economic contraction". This is causing some angst in the bond market.

Technically speaking - the FNMA 6.0% 30 year bond broke above support levels on Friday due to good/bad economic reports. The bond has broken south this morning with the better than expected news from the Midwest, though still above the 25 day moving average.

Since this is no time to gamble, if you haven't done so yet

imageref 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 Monday Jun 30

( 06/30/08 05:27PM ) — Lake Norman Real Estate ~ Diane Aurit

I haven't had time to read any financial news so I thought I'd stop by....sounds like a bit of an up and down day. Thanks as always for the update.

Matthew Rosov, Certified Mortgage Planning Specialist
Amerisave Mortgage Corporation

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

Office: (866) 970-7283 x6840

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.