Florida Mortgage Market – Morning Update

by Florida's #1 Mortgage Planner on March 14, 2008

Locking Stance:  CAUTIOUSLY FLOATING     Mortgage Bonds:  +81bp

What a shocker to get the day started, it sure took us by surprise.  The CPI numbers tell a different story than what we have been seeing and bonds are rocketing higher on the news.

With such a wild ride happening in the bond market lately, this morning’s CPI data was welcome news for the markets as inflation fears receded some.  Both the CPI and the Core CPI showed a 0.0% increase last month, well below their 0.3% and 0.2% respective expectations.

Before you think to greatly of the report, remember that oil has been climbing lately, so next month’s report could be considerably different.  But, any good news we can get, we’ll take.

Consumer Sentiment comes in in about an hour, which could affect the markets a little as well, so check back later to see if things change enough to warrant another update.

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