Florida Mortgage Market – Morning Update

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

Locking Stance:  LOCKING     Mortgage Bonds:  -47bp

Finally back from vacation and getting the regular updates going again.  Bonds were volatile last week, but ended flat and have started off this week basically the same.

We are foregoing the normal Forecast for the Week and Week in review posts, but you can get most of the details over at Lenderama where I do weekly mortgage market updates as well.

As for today, bonds are continuing their downward movement that started yesterday afternoon.  In a little more than an hour, the ISM Index will be released and that could let bonds recover, or even send them crashing through the floor, so use caution and we suggest locking.

We will get off another post later today if possible to get you the market’s reaction to the ISM and current happenings as well.

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