Should I Float? Should I Lock? - Daily Update for Friday, September 4, 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.
Non Farm payrolls though down 216,000 were not as bad as expected nor as bad as last month. This is conflicted by the Unemployment rate rising to 9.7%. Hourly earnings rose .3% - slightly higher than expected.
Look for rates to hold steady this morning when rate sheets are released by Amerisave Mortgage Corporation.
Technically speaking - the FNMA 4.5% 30 year bond is holding above the 200 day moving average. The bond is high in th overbought status.
I am recommending to
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, September 2, 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.
Yesterday morning the national index for manufacturers rose better than expected. While normally this could be looked as a good news, a data point does not a trend make. This morning the national payroll chain ADP reported a higher loss in jobs than was expected though lower than last month. The metal really meets the road on Friday when the government's report comes out.
Look for rates to improve slightly when rates are released today as the bond rose above a key resistance level this morning.
Technically speaking - the FNMA 4.5% 30 year bond is breaking above a major resistance level. The bond is high in th overbought status.
I am recommending to
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 28, 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.
A spate of reports will be released this week sure to cause major movement up and down on the bond market. How it will all play out is anyone's guess. This morning things started rolling with the release of the Chicago "Business Barometer". This handy little report came in higher than expectations and higher than last months reading, sitting right on the cusp of expanding/contracting economy.
Look for rates to improve slightly when rates are released today as the bond advanced towards resistance level this morning.
Technically speaking - the FNMA 4.5% 30 year bond is currently holding steady at a major resistance level. The bond is high in th overbought status.
I am recommending to
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 28, 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.
Personal Spending came in on target but lower than last month. Personal Income fell slightly from last month. Personal Core Expenditures came in slightly lower than last month and is down slightly compared to last year. All of this would normally help bonds but with any small chance of recovery, stocks will continue to do well taking money from bonds.
Look for rates to worsen when rates are released today as the bond fell back towards support level this morning.
Technically speaking - the FNMA 4.5% 30 year bond is currently holding steady at a major support level. The bond is coming off of overbought status.
I am recommending to
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 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.
Gross Domestic Product came in higher than expected yet still shrank by 1%. Weekly unemployment numbers were lower than expected while Auto Sales were also unexpectedly lower than expected.
Look for rates to worsen when rates are released today as the bond fell back towards support level this morning.
Technically speaking - the FNMA 4.5% 30 year bond is currently holding steady at a major support level. The bond is coming off of overbought status.
I am recommending to
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
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