If closing in:

  • 5-7 Days: I recommend LOCKING as Mortgage Backed Securities are likely overbought and rate increase possible.
  • 7-15 Days: I recommend FLOATING as the market still shows weakness in equities.
  • 15-30 Days: I recommend FLOATING
  • 30 or more days: I recommend FLOATING, overall economic weakness supports long-term rate opportunities

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