Florida Mortgage Rates – Afternoon Report

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

Locking Stance:  LOCKING     Mortgage Bonds:  -12bp

It looks like today’s rally is faltering and we are retesting the 25-day moving average.  Stocks have staged a comeback and bonds suffer as the money flows.  While bonds may bounce back off this level, the overall downtrend is not completely broken and caution should be exercised.  I am changing back to a locking stance until things show improvement and a pattern solidifies.

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