Florida Mortgage Rates – Afternoon Report

by Florida's #1 Mortgage Planner on June 15, 2009

Locking Stance: LOCKING    Mortgage Bonds: +59bp

Well, it is almost like clockwork and mortgage backed securities are doing exactly what I expected and outlined in my weekly Mortgage Market Update at Lenderama.  Exactly what is that?  MBS pricing pushed higher today, all the way up to their 200-day moving average, even penetrating it briefly.  Then, they were pushed back down and it appears the retracement is over.  Mortgage rates look ready to start their next leg higher.

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