Florida Mortgage Market – Afternoon Update

by Florida's #1 Mortgage Planner on May 8, 2008

Locking Stance:  CAUTIOUSLY FLOATING     Mortgage Bonds:  +25bp

Mortgage bonds seem to have pierced their resistance solidly at this point, breaking above their 25-day moving average despite stocks being higher and better than expected jobs data.  I am changing my stance for now as bonds could be breaking the pattern and allowing floating to pay off.

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