Florida Mortgage Market – Forecast for the Week

by Florida's #1 Mortgage Planner on May 5, 2008

So, now we have started a new week and this one should be much calmer.  After last week, we all could likely take a breather and this week’s agenda should allow some of that.  There are a few reports ahead that could send some ripples through the markets, though, so stay alert.

If you look at the larger picture, there is a general trend lower, but there are strong support layers that held up against Friday’s assault.  Stochastics are in the middle, so they will not help determine the direction for now.  Bonds are off their highs of the morning, but the support of the 50-day moving average has held as well.

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