Rate Lock Advice 6/28 (No Change)

Short-term - LOCK as trends are showing rates at historical lows and advantage of floating is minimal. If you are closing in 7 - 15 days, I would consider FLOATING as there has been a further flight to quality this morning providing fuel for better rates.

Long-term - FLOAT on belief that weakness in the economy will continue supporting the possibility in continued low rates

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Rate Lock Advice 6/24

Short-term - LOCK if less than 7 days to close. Mortgage Backed Securities overbought and rate increase possible. If 7 - 15 days out, FLOAT as the market still shows weakness in equities.

Long-term - FLOAT on belief that weakness in the economy will continue supporting the possibility in continued low rates

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Rate Lock Advice 6/23 - No Change

Short-term - FLOAT as markets a currently favorable to secure a better rate, but I recommend close monitoring of the market to take full advantage.

Long-term - FLOAT on belief that weakness in the economy will continue supporting the possibility in continued low rates

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Rate Lock Advice 6/22

Short-term - FLOAT as markets a currently favorable to secure a better rate, but I recommend close monitoring of the market to take full advantage.

Long-term - FLOAT on belief that weakness in the economy will continue supporting the possibility in continued low rates

Click here if you would like to know more or want to talk about your individual needs