Florida Mortgage Market – Morning Update

by Florida's #1 Mortgage Planner on May 22, 2008

Locking Stance:  LOCKING     Mortgage Bonds:  -19bp

Inflationary pressures, fueled mostly by yet another day of higher oil prices, snuffs out all of the energy bonds could muster.  As I have said in previous updates, if bonds fall below their supporting moving averages, I would change my stance.

They did exactly that, right out of the starting gate today, so lock those loans as soon as possible to ensure the best pricing you can.  Bonds will likely make another run to test their next support layer, around their 200-day moving average.

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