Florida Mortgage Market – Special Update

by Florida's #1 Mortgage Planner on April 4, 2008

Locking Stance:  CAUTIOUSLY FLOATING     Mortgage Bonds:  +62bp

Mortgage bonds took a while, but they have gained the strength we expected after this morning’s data.  Since our previous report, bonds are up an additional 47bp and warranted an update.

We will keep the caution attached as bonds will likely remain a little volatile today and keep backing off their highs as they have done so a couple times already.  We will keep you posted as they day goes on an conditions warrant, but for now, we remain in a floating stance and cautious for any pullbacks.

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