Daily Mortgage Rates and News. Key index economic calendar lock or float metzler mortgage

In our opinion, we believe the following lock or float policy my be prudent based on your anticipated closing date.

Under 7 days: LOCK
8 - 20 days: FLOAT
21- 60 days: FLOAT
Over 60 days: FLOAT

LOCK = Good chance of rates going higher
FLOAT = Good chance of rates staying stable, or even dropping

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LAST WEEKS Average Mortgage Rates For N. Central Region (Including Minnesota) Compiled and reported by: Freddie Mac
Since last week: Higher	For Week Ending 04/24/2008
Mortgage	Rate	Points
30 Year Fixed	6.01	0.30
15 Year Fixed	5.62	0.30
5 Year Adjustable	5.72	0.50
1 Year Adjustable	5.31	0.30
. Who do you trust for real rate information? We trust Freddie Mac!

Current Market Direction:

Rates are: Slightly Lower
Volatility is: High
Short Trend is (1-2 weeks): Down
Long Trend is (4-6 weeks): Stable

Stable indicates rates likely to remain within +/- 0.25%

More Market Info

* Key Index & Rates
* Economic Calendar