Locking Stance: LOCKING Mortgage Bonds: 0bp
This week will find our author away from his desk all week during the day, so posts will be untimely as he warned in last week’s and this week’s radio show. This week’s show was pre-recorded late last night is should already be available at BlogTalkRadio. The show was kept as short as possible, but was also just as complete as ever, including explaining briefly what is happening in the near future.
The week has some events to watch for, namely tomorrow’s FOMC Meeting Announcement where you want to pay particular attention to the Policy Statement and not worry too much about what they do with their Fed Funds Rate (does not directly impact mortgage rates). We will try to have posts on daily to cover what happened and what we likely be the best course for the next day, just don’t expect them to be as timely as we normally get them out. The good news is that this our inability to make timely posts this week will likely never occur again.
Have a good week and look for some updates, when possible, to be added late evening.
What does this mean for Florida Mortgage Rates? Mortgage rates will likely be creeping higher this week, possibly the entire week. We will not be able to post “timely” this week, but will post about this subject when we can.