Florida Mortgage Market – Midday Update

by Florida's #1 Mortgage Planner on April 10, 2008

Locking Stance:  LOCKING     Mortgage Bonds:  0bp

Bonds have turned lower as stocks are pushing higher.  It is earnings season, so stock volatility is to be expected, which usually carries over to the opposite move in the bond bit.

We are switching to a locking stance as bonds may be getting that correction we have been expecting based on stochastics.  That being said, bonds will likely remain in their trading range, so our stance may be switching back down the road.

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