Matthew Rosov, Certified Mortgage Planning Specialist

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.

Economic Report out this morning showing Trade Deficit dropping slightly. Unfortunately, normal news is not doing much to the markets these days. Fear is running rampant.

Technically speaking - the FNMA 5.5% 30 year bond broke through the 200 day moving average yesterday. Bonds are continuing their downward trend. Bonds are currently heading to be oversold.

Until current 3 year highs are broken in a significant manner, I am recommending to

LOCK your mortgage rate.

To learn why one should Float or Lock -

Check out Should I float? Should I lock? & Reasons to Float or Lock

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.

Unprecedented global rate cut yesterday. Precedented reaction - bonds are selling off and mortgage rates are rising. Seems that even a global rate cut can't hold back economic forces from reacting to money flowing out of bonds to stocks. Economically speaking - initial jobless claims came in just over target.

Technically speaking - the FNMA 5.5% 30 year bond fell to and bounced off the 200 day moving average. This morning bonds are currently below the 10 day and 25 day moving averages. Bonds are currently heading to be oversold - this will help when the inevitable bull run next occurs.

Until current 3 year highs are broken in a significant manner, I am recommending to

LOCK your mortgage rate.

To learn why one should Float or Lock -

Check out Should I float? Should I lock? & Reasons to Float or Lock

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.

Worldwide effort underway to shore up the global economy. Various countries, including the US, have chosen to cut their prime lending rates by .5% Why global? This will encourage an actual release of money to those who need it and not just give currency speculators an opportunity to make money by moving funds to other markets.

On the initial word of this, stock markets around the globe had a nice little bounce, but then fell back to earth. Rather like the ambulance analogy made a couple days ago. They are still realizing we are in a world of hurt.

Technically speaking - the FNMA 5.5% 30 year bond backed off a bit yesterday. Today it appears another betterment of bonds and mortgage rates will occur. Bonds are currently neither overbought nor oversold - this will help when the inevitable bull run next occurs.

Until current 3 year highs are broken in a significant manner, I am recommending to

LOCK your mortgage rate.

To learn why one should Float or Lock -

Check out Should I float? Should I lock? & Reasons to Float or Lock

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.

This afternoon the FOMC minutes from last month's meeting will be released. Though this report can move the markets, it may not amount to much compared to what's going on in the global economy or the rumors coming out of the Fed concerning a bailout for unsecured debt.

Technically speaking - the FNMA 5.5% 30 year bond had a nice jump yesterday because of the run on stocks. Bonds are currently neither overbought nor oversold - this will help when the inevitable bull run next occurs.

Until current 3 year highs are broken in a significant manner, I am recommending to

LOCK your mortgage rate.

To learn why one should Float or Lock -

Check out Should I float? Should I lock? & Reasons to Float or Lock

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.

Interesting analogy - everyone was wanting the ambulance (bailout) to come to the scene of the accident (credit crunch). Now that it has arrived, everyone realizes it's an ambulance and why it is here. Stocks appear to be going down, down... Bonds are finally appearing to rally. Other than the Fed minutes being released tomorrow from the last meeting - few economic reports are being released this week.

Technically speaking - the FNMA 5.5% 30 year bond have bounced higher this morning - both on the bailout bill and because of the beating stocks appear to be taking. Bonds are currently neither overbougth nor oversold - this will help when the inevitable bull run next occurs.

Until current 3 year highs are broken in a significant manner, I am recommending to

LOCK your mortgage rate.

To learn why one should Float or Lock -

Check out Should I float? Should I lock? & Reasons to Float or Lock