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Rate Lock Advice 6/24

June 24, 2010

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

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

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