Florida Mortgage Market – Morning Update

by Florida's #1 Mortgage Planner on April 28, 2008

Locking Stance:  LOCKING      Mortgage Bonds:  +9bp

There is no economic data slated to be released today, so we are advising locking unless you have a strong stomach for risk.  The odds favor little on the upside.

Bonds are below their 50-day moving average an have already tested it once today, only to back off.  With nothing to push them through, this level will likely hold.  Things may change, and rather quickly, later this week, especially starting Wednesday.  With inflation on the forefront, the Fed’s decision impending, and more news on the job front, bonds will have a lot to digest this week and the new trend will be formed for sure.

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