Florida Mortgage Rates – Evening Report

by Florida's #1 Mortgage Planner on July 18, 2008

Locking Stance:  LOCKING     Mortgage Bonds:  -56bp

Mortgage bonds managed to come back off their lows and ended the day down 56 basis points.  That still puts them below their lows of last month and even slightly below the lows of Oct. 15, 2007.

The downtrend is still solidly in place and nothing more than a corrective move higher is predicted at this point.  Look for the weekly mortgage market review on Monday at Lenderama.

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