Florida Mortgage Market – Midday Update

by Florida's #1 Mortgage Planner on March 6, 2008

Locking Stance:  CAUTIOUSLY FLOATING     Mortgage Bonds:  -19bp

Mortgage bonds, after their recovery from their opening plunge, have stabilized and it looks OK to change stances to a cautiously floating one at this time.

Why change stances?  Easy, tomorrow is the Jobs Jamboree and there could be some disappointing numbers which could allow bonds to get back on their feet.

So, for now, we are switching stances back to a cautiously floating one to attempt to take advantage of a potentially dismal Jobs Report.

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