Florida Mortgage Rates – Afternoon Report

by Florida's #1 Mortgage Planner on July 16, 2008

Locking Stance:  LOCKING      Mortgage Bonds:  -62bp

Mortgage bonds are continuing to have a bad day, so I hope you didn’t listen to those guys advising to float this morning, and I know of some of them.  Bonds are reacting just as I expected after the FOMC minutes, which was to drop further.

The patterns forming in the bond charts are such that you can expect mortgage rates to continue climbing for while as the overall downtrend remains in place.  Inflation continues to be the fear grenade in the markets and that will likely continue for some time.

If you would like to know more about how I analyze the markets, I am finishing up a book on the subject next month, so expect a formal announcement.  If you would like to be placed on the notification list to get special pricing, visit my other blog, Florida Mortgage Report, go to the contact page and submit a message selecting the book as the topic.

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