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Rate Lock Advice 6/28 (No Change)

June 29, 2010

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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