Florida Mortgage Market – Midday Update

by Florida's #1 Mortgage Planner on April 22, 2008

Locking Stance:  CAUTIOUSLY FLOATING     Mortgage Bonds:  +16bp

Bonds managed a slight comeback yesterday which allowed us to switch to a cautiously floating stance, which we tweeted.  This morning is seeing continued gains, however the true direction bonds head from here is still in question.

Mortgage bonds are hanging around their 50-day and 100-day moving averages right now, and they are just too close to tell whether these levels will act as resistance or support going forward.  We will keep you posted as much as we can.

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