Florida Mortgage Market – Special Update

by Florida's #1 Mortgage Planner on March 7, 2008

Locking Stance:  LOCKING     Mortgage Bonds:  +78bp

Mortgage bonds have hit the ceiling and seem to be faltering.  Bonds have tried to break through several times, getting above, then falling back down, so we feel the risk/reward ratio no longer favors floating.  Why?  Despite the dismal news this morning, with mixed, if not a little higher, bonds are not likely to break their 200-day MA.  As we stated earlier, if this is the case, things could get very ugly for mortgage rates.

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