Florida Mortgage Market – Morning Update

by Florida's #1 Mortgage Planner on April 23, 2008

Locking Stance:  LOCKING     Mortgage Bonds:  -12bp

There is still not a lot of news regarding economic data scheduled that will could get bonds moving in either direction.  Bonds have managed to claw their way back above their 50-day and 100-day moving averages, however their 25-day moving average is currently proving to be a solid ceiling of resistance as they move lower this morning.

Bonds are still not showing a very clear picture of what lies ahead and without any catalysts to move them, that picture may remain a little foggy for the remainder of the week.  They have moved higher earlier today, however the 25-day MA held solid and they have retreated since, so odds favor lower, if any, movement for today.

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