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.

5% fewer people filed for unemployment last week than expected or 8% less than the previous week. Does this mean market recovery? Not necessarily. What it does mean is that some of yesterday's gains in bonds will be taken back. Though look for rates to open a bit lower this morning.

Technically speaking - the FNMA 4.5% 30 year bond is broke nicely above the 50 day moving average yesterday but has come to a screeching halt against the 100 day moving average. The bond is high in the overbought range.

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.

Joblessness, oil, the economy is all being pulled in varied ways. Since all of this is affecting stocks, bonds are continuing their volatility. Bonds have improved somewhat on the day breaking above an important ceiling. Being able to maintain this level will help maintain lower interest rates.

Technically speaking - the FNMA 4.5% 30 year bond is breaking above the 50 day moving average. The bond is high in the overbought range.

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.

No major economic news today. Earnings season is almost upon us so an apparent wait and see attitude is developing within stocks. This "breather" is helping bonds to remain currently stable though bonds are rather overbought.

Technically speaking - the FNMA 4.5% 30 year bond is coming up on a tough ceiling, but still caught in a tight trading range between the 10 day and 50 day moving averages. The bond is high in the overbought range.

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.

The ISM Services Index (a national non-manufacturing index) came in higher than expected. Though not overwhelming it is putting a bit of the kabosh on interest rates this morning. Especially with the stock market not doing well.

Technically speaking - the FNMA 4.5% 30 year bond is coming down from a tough ceiling, but still caught in a tight trading range. The bond is high in the overbought range.

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.

The average work week held steady (33.0 hours), Hourly Earnings held steady (but below expectations), non farm payrolls were off by 100,000 from expectations and the national unemployment rate worsened by .1% to 9.5% (lower than expectations). All in all this should be enough to get bonds beyond the current ceiling it's battling against - in reality with bonds overbought it will be a tough day.

Technically speaking - the FNMA 4.0% 30 year bond is battling a tough resistance level along with the 50 day moving average. Bonds are in the overbought range.

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