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.

With no big economic reports being delivered until Thursday, the bond market will be taking it's lead from the stock market. Stocks today look to be in "profit taking" mode indicating bonds will be attempting a breather and an attempt at regaining the 200 day moving average. Being able to regain the 200 day moving average is paramount for mortgage rates to have any inkling of staying as low as they have been.

Technically speaking - the FNMA 4.5% 30 year bond is attempting to rise back to the 200 day moving average. Bonds are 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

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.

Smallest job loss in 8 months causes oil to hit $70, stocks to rise and bonds to fall. Never mind that the unemployment rate is now at 9.4%. Because of such "good" numbers, things are looking rather grim for interest rates.

Technically speaking - the FNMA 4.5% 30 year bond fell below the 200 day moving average today. Bonds are 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

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.

Weekly Jobless Claims came in a little more than expected and a little less than last week. Productivity rose precipitously - nearly double (percentage wise) of last quarter. Good news for economic reasons - bad for bonds and thus mortgage rates.

Technically speaking - the FNMA 4.0% 30 year bond is looking to make another run at the 200 day moving average again (i.e. not good). The bond is back in 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.

ADP, the national payroll firm, announced job loss as being worse than expected but not as bad as last month. The non manufacturing index came in slightly lower than expected yet slightly better than last month.

Technically speaking - the FNMA 4.0% 30 year bond is trying to recover from Monday's sell-off and yesterday's bounce off the 200 day moving average. The bond is back in 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.

Personal Income rose quite a bit more than analysts expected though personal spending fell but not as much as analysts expected. The index tracking these numbers were higher both in monthly comparison and in year over year comparison. All this is bad news for bonds.

Technically speaking - the FNMA 4.0% 30 year bond gained nicely the latter part of last week but is down due to the good economic numbers. Bonds are rising up from oversold levels.

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