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Should I Float? Should I Lock? - Daily Update for Friday, August 21, 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.

Existing Home Sales came higher than expected. This is giving the stock market hope and putting the kabosh on any further attempts on the bond regaining the 200 day moving average for today. Positive comments by Fed chief Ben Bernanke are also helping with this stock rally,

Look for rates to worsen today due to the good news mentioned above. .

Technically speaking - the FNMA 4.5% 30 year bond has fallen back below the 200 day moving average. The bond is just shy of 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 Wednesday, August 19, 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.

No real news out today other than the stock market looking to take a nose dive due to sell offs in China and HP reporting lower than expected profits. This has given bonds a nice boost this morning sending it over the elusive 200 day moving average.

Rates will be coming out today a bit better than yesterday - especially after a midday worsening which caused some banks to reprice to the worse.

Technically speaking - the FNMA 4.5% 30 year bond has risen back above the 200 day moving average. The bond is just shy of 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 Monday, August 17, 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 Producer Price Index fell a bit more than expected and was down in comparison to last month's numbers. Not totally a surprise due to last week's Consumer Price Index was similarly down. Building permits and starts for Housing were also down compared to both last month's numbers and expectations.

Rates will open a bit worse today due to an apparaent stock market come back after yesterday's selloff. This will be tempered slightly be the surprising bad news coming from the PPI and Housing sector.

Technically speaking - the FNMA 4.5% 30 year bond has dropped back below the 200 day moving average. The bond is currently approaching 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 Monday, August 17, 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 Empire Manufacturing Index came in better than expected. Normally this would cause a decline in bonds but due to an apparent global selloff of stocks due to unexpected weakness in global recovery look for bonds to improve today with a good possibility of closing above the 200 day moving average.

Technically speaking - the FNMA 4.5% 30 year bond has back above the 200 day moving average. The bond is currently approaching 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, August 14, 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 Price Index (regular and core) both came in at analyst expectations though lower than last month's numbers. Productivity and Capacity were both a bit higher than expected. Lastly Consumer Sentiment came in lower than expected and lower than last month.

Technically speaking - the FNMA 4.5% 30 year bond has returned to bump up against the 200 day moving average. The bond is currently neither overbought nor oversold.

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