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.

The manufacturing index came in just a bit below the expansion/contraction line - better than analyst expectations and certainly better than last month. This coupled with a nice rally in the stock market is resulting in a worsening of the bond market bringing it back down to the 200 day moving average.

Technically speaking - the FNMA 4.5% 30 year bond is falling back to the 200 day moving average. It 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

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.

Gross Domestic Product came in at -1% which is much better than last month and better than expectations - so even though the US economy is down for the month, it's still not as bad as it used to be. The Chicago Business Barometer came in slightly better than expected but still in contracting mode.

Technically speaking - the FNMA 4.5% 30 year bond is rising nicely above the 200 day moving average. It is currently 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

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.

Jobless Claims for last week ticked up. Whether due to summer employment coming to an end (in July) or summer doldrums causing more folk wanting unemployment ...) Yesterday's Treasury auction came in very weak. This caused bonds to sink back below the 200 day moving average after a great response to the negative economic reports of yesterday. Perhaps we will see another uptick today.

Technically speaking - the FNMA 4.5% 30 year bond is attempting another run at the 200 day moving average. It is currently approaching 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

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.

Consumer Confidence was down for last month - worse then expectations and much worse than the previous month. This morning Durable Goods orders also shrank quite a bit more than expected. Normally all this would be great news for bonds but due to the mediocre bond sale which occurred yesterday, bonds are not quite reacting the way folk hoped.

Technically speaking - the FNMA 4.5% 30 year bond is attempting another run at the 200 day moving average. It is currently approaching 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

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.

New Home Sales rose slightly over last months figures. Consumer Confidence will be released a bit later today. More Treasure bonds to be sold this week (debt to be sold to finance our "recovery") is causing bonds to be off and stuck below the 200 day moving average.

Technically speaking - the FNMA 4.5% 30 year bond is struggling to regain the 200 day moving average. It is currently approaching 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