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: LOCK
21- 60 days:  LOCK
Over 60 days: FLOAT

View our FULL
Daily Rate Lock Advisory Report

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

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LAST WEEKS National Average Mortgage Rates WITH POINTS
As compiled and reported by: Freddie Mac

For Week Ending 06/11/2009

IMPORTANT: Don't automatically trust lender paid web sites like Bankrate.com and Interest.com for accurate rate information. It is very biased information. Rates are uploaded to the sites directly by lenders who PAY to post rates. Rates there are designed to capture your attention with little to no regards to being factual.

Current Market Direction:

 Rates are: Creeping up
 Volatility is: Medium
 Short Trend is (1-2 weeks): Stable
 Long Trend is (4-6 weeks): UP

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

 More Market Info

* Key Index & Rates
* Economic Calendar