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Should I Float? Should I Lock? - Daily Update for Friday, November 6, 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.

Good News for bonds (Bad News for the economy). Though the average work week rose slightly as did hourly earnings - Payrolls dropped more than expected and Unemployment rose to 10.2%. All this is giving a very positive uplift to bonds.

Look for rates this morning to be drop from where they closed Thursday when rate sheets are released by AmerisaveMortgage Corporation.

Technically speaking - the FNMA 4.5% 30 year bond is currently keeping above the all important 200 day moving average. The bond is rising from oversold status.

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

Should I Float? Should I Lock? - Daily Update for Thursday, November 5, 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.

The Fed left the Federal Funds Rate where it was with promises of leaving it where it is for the foreseeable future. Jobless Claims dipped slightly while Productivity rose more than expected.

Look for rates this morning to be rise some from where they closed Wednesday when rate sheets are released by AmerisaveMortgage Corporation.

Technically speaking - the FNMA 4.5% 30 year bond is currently keeping above the all important 200 day moving average. The bond is rising from oversold status.

I am recommending to

LOCK your best mortgage rate. I

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

Should I Float? Should I Lock? - Daily Update for Monday, November 2, 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.

Pending Home Sales came in lower than last month but significantly higher than expected. The Manufacturing Index also came in more robust than expected. Surprisingly, neither of these reports are causing the angst in the bond market as one would expect.

Look for rates this morning to be dip some from where they closed Friday when rate sheets are released by AmerisaveMortgage Corporation.

Technically speaking - the FNMA 4.5% 30 year bond is currently keeping above the all important 200 day moving average. The bond is rising from oversold status.

I am recommending to

LOCK your best mortgage rate. I

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

Should I Float? Should I Lock? - Daily Update for Friday, October 30, 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.

Most interesting news today. Personal Spending came in as expected (though down from last month), Personal Consumption for last month and compared to last year were both in line with expectations. Personal Income came in as expected though slightly lower than last month. Only thing possibly affecting rates in a bad was Consumer Confidence coming in slightly higher than expected.

Yesterday's auction for Treasury's came in not very well received. This caused bonds to dip.

Look for rates this morning to be dip some from where they closed yesterday when rate sheets are released by AmerisaveMortgage Corporation.

Technically speaking - the FNMA 4.5% 30 year bond is currently keeping above the all important 200 day moving average. The bond is rising from oversold status.

I am recommending to

LOCK your best mortgage rate. I

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

Should I Float? Should I Lock? - Daily Update for Thursday, October 29, 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.

Gross Domestic Product roared in at 3.5% growth for last quarter - higher than some analysts predicted. Jobless claims were higher. The kicker though, helping bonds hold steady, is a small element inside the GDP report showing inflation to be in check.

Look for rates this morning to be dip some from where they closed yesterday when rate sheets are released by AmerisaveMortgage Corporation.

Technically speaking - the FNMA 4.5% 30 year bond is currently keeping above the all important 200 day moving average. The bond is near oversold status.

I am recommending to

LOCK your best mortgage rate. I

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