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Rate Lock Advice 6/30 (No Change)

June 30, 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, but the markets are volatile, so you should keep vigilant.

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

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