Mortgage Education with Matthew

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. 

Housing Starts and Building Permits were both lower than expected and lower than last month’s reading.  While important news it’s not apparently affecting either stocks nor bonds.  Both appear to be heading in the same direction as yesterday - stocks up and bonds down. 

Continued good economic news could push bonds lower - be wary.

Technically speaking - the FNMA 4.0% 30 year bond is hovering at a key support level.  Bonds are heading back down towards 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

 

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     To obtain rates and fees with a $500 guarantee - come visit

 

 

Tags: Lock Or Float, locking rates, mortgage education, mortgage rate guidance, mortgage rates

This entry was posted on Tuesday, May 19th, 2009 at 7:59 am and is filed under Lock Or Float. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.