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Should I Float? Should I Lock? - Daily Update for Wednesday, September 16, 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.

Although Consumer Price Index came in slightly elevated, the core CPI came in right on target. (The core strips away volatile reading such as auto and energy - remember the cash for clunkers program caused an spike in auto sales.) Utilization rose while Production came in level (hmmm).

Look for rates have dropped a bit this morning when rate sheets are released by Amerisave Mortgage Corporation.

Technically speaking - the FNMA 4.5% 30 year bond fallen back below the 200 day moving average. The bond is coming down from overbought 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 Tuesday, September 15, 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.

Wow! A major uptick in Retail Sales, the Producer Price Index and the Empire Index. All of these in their various forms came in both higher than expected and higher than last months numbers. All of this relates to a good outlook for the stock market but also a pop in interest rates today.

Look for rates to go up this morning when rate sheets are released by Amerisave Mortgage Corporation.

Technically speaking - the FNMA 4.5% 30 year bond fallen back below the 200 day moving average. The bond is coming down from overbought 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, September 10, 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.

Consumer Sentiment came in better than expected today. Because the stock market is holding steady, the bond is rising nicely (interest rates falling).

Look for rates to improve a bit this morning when rate sheets are released by Amerisave Mortgage Corporation.

Technically speaking - the FNMA 4.5% 30 year bond is holding nicely above the 200 day moving average. The bond is high in th overbought 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, September 10, 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.

Weekly Jobless Claims came in lower than expected. The US trade imbalance rose $5 Billion more than expected. Yesterday, the Treasury Auction came in quite nicely resulting in support of the bond at the 200 day moving average.

Look for rates to improve a bit this morning when rate sheets are released by Amerisave Mortgage Corporation.

Technically speaking - the FNMA 4.5% 30 year bond is holding above the 200 day moving average. The bond is high in th overbought 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 Friday, September 4, 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.

Non Farm payrolls though down 216,000 were not as bad as expected nor as bad as last month. This is conflicted by the Unemployment rate rising to 9.7%. Hourly earnings rose .3% - slightly higher than expected.

Look for rates to hold steady this morning when rate sheets are released by Amerisave Mortgage Corporation.

Technically speaking - the FNMA 4.5% 30 year bond is holding above the 200 day moving average. The bond is high in th overbought 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