Florida Mortgage Daily – Morning Update

by Florida's #1 Mortgage Planner on April 11, 2008

Locking Stance:  CAUTIOUSLY FLOATING     Mortgage Bonds:  +22bp

Mortgage bonds are having another mini rally on the heels of earnings and other news.  European stocks are down and our own stock futures point toward a lower opening, giving fuel to bonds.  Frontier Air goes bankrupt, but unlike the recent rash of airline bankruptcies, they are still flying.

If stocks do tumble today, bonds will likely move higher, or at least keep their gains.  Unless other news hits the airwaves, floating is likely the better option for today.

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