Florida Mortgage Market – Alert to Float

by Florida's #1 Mortgage Planner on April 18, 2008

Locking Stance:  CAUTIOUSLY FLOATING     Mortgage Bonds:  +16bp

Yes, you saw that correctly, mortgage bonds have down a course reversal and are now up 16bp, over 60bp from our last report, causing us to switch stances.

Traders are moving back into bonds as the weekend approaches, despite stocks still holding on to large gains.  Retail Sales is due out Monday, but we think with this move higher, floating until Monday will prove beneficial if you have not already locked. 

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