Florida Mortgage Market – Morning Update

by Florida's #1 Mortgage Planner on May 19, 2008

Locking Stance:  CAUTIOUSLY FLOATING     Mortgage Bonds:  -3bp

Bonds are off their highs, but remain above their moving averages, leaving the potential for continued moves higher, but if they fail to maintain price levels, that could be all over.

Not much movement overall today, and with all eyes on the Fed Wednesday, floating may prove beneficial in the long run.  For more details on the week ahead, check out my weekly update over at Lenderama.

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