Florida Mortgage Market – Midday Update

by Florida's #1 Mortgage Planner on May 2, 2008

Locking Stance:  LOCKING     Mortgage Bonds:  -6bp

Mortgage bonds are off their lows of the day, having taken a nose dive this morning.  The Jobs data came out much better than expected, bringing wage-based inflationary fears back to the markets.

I am holding the locking stance as we head through the weekend, and likely until I see some justification to change stances.  I am again island hopping (currently in St. Thomas), so the next update will be Monday most likely.

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