Florida Mortgage Rates – Evening Report

by Florida's #1 Mortgage Planner on September 11, 2008

Locking Stance:  CAUTIOUSLY FLOATING     Mortgage Bonds:  +22bp

Mortgage bonds managed to pick up steam this afternoon and close the day 22bp higher, despite being down significantly earlier.  If you have not already locked your loans, tomorrow holds the Retail Sales and I am suggesting floating until we see those numbers.

It is hard to say where rates will go tomorrow from the data we have.  I feel as though Retail Sales will be favorable this time around, though PPI may not be.  If mortgage backed securities are able to muster a rally tomorrow, they will likely begin the next leg higher, but things could easily go the other way. 

Leave a Comment

Previous post:

Next post: