Florida Mortgage Market – Morning Update

by Florida's #1 Mortgage Planner on April 21, 2008

Locking Stance:  LOCKING     Mortgage Bonds:  -12bp

Mortgage bonds did manage to run up to their ceiling of resistance today, but have since backed off.  There is no data slated to be released that could muster bonds through the ceiling, so odds favor prices going down, and that means, lock those loans.

The only hope for bonds today is news or Fedspeak that is enough to give bonds strength.  If that happens, we will let you know.

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