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Should I Float? Should I Lock? - Daily Update for Tuesday, October 20, 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 today. Producer Price Index came in much lower than expected. This coupled with Housing Starts and new building permits being down is helping bonds rally back.

Look for rates this morning to be lower from where they closed yesterday when rate sheets are released by Amerisave Mortgage Corporation.

Technically speaking - the FNMA 4.5% 30 year bond has risen back 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

Should I Float? Should I Lock? - Daily Update for Thursday, October 8, 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 Consumer Price Index (CPI) report was release this morning. Surprisingly, core CPI readings showed an increase. The Empire Index came in quite a bit better while the Philadelphia Index was depressed. Lastly Jobless Claims for last week were down slightly. This all on top of yesterday's suprising news is pushing bonds below the 200 day moving average.

Look for rates this morning to increase considerably from where they closed yesterday when rate sheets are released by Amerisave Mortgage Corporation.

Technically speaking - the FNMA 4.5% 30 year bond has dropped to the 200 day moving average. The bond is far from overbought 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 8, 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.

Retail Sales came in much lower than last month but no where near as bad as expected. This is resulting in very bad performance by bonds this morning..

Look for rates this morning to increase considerably from where they closed yesterday when rate sheets are released by Amerisave Mortgage Corporation.

Technically speaking - the FNMA 4.5% 30 year bond has dropped to the 200 day moving average. The bond is far from overbought 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 8, 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.

Little scheduled economic news occurred this week. Today Initial Jobless Claims for last week were released coming in lower than expectations. This should add to the Stock Market fervor going on in recent weeks. Bonds have been holding their own attempting a foothold above the new developing ceiling.

Look for rates this morning to increase from where they closed yesterday when rate sheets are released by Amerisave Mortgage Corporation.

Technically speaking - the FNMA 4.5% 30 year bond having a tough time with its current resistance level. The bond being in overbought 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, October 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.

With the Service Sector Index coming in slightly better than expected as well as higher than last month, this is allowing investors are moving forward with stocks and selling bonds to support their habit.

Look for rates this morning to increase from where they closed yesterday when rate sheets are released by Amerisave Mortgage Corporation.

Technically speaking - the FNMA 4.5% 30 year bond having a tough time with its current resistance level. The bond being high in overbought status.

I am recommending to

LOCK your best mortgage rate. (This is the closest I will come to going back to floating. With lenders no longer offering over night pricing - this is an awesome time to lock in a great 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