Florida Mortgage Rates – Evening Report

by Florida's #1 Mortgage Planner on July 22, 2008

Locking Stance:  LOCKING     Mortgage Bonds:  -28bp

Mortgage bonds ended the day off their lows.  Can we get that correction over with finally? 

All in all, inflation still rules the markets and mortgage rates suffer as a result.  Once again, I am holding that locking stance and will switch if I think the correction will make floating a worthy choice.  Expect continued volatility through out the week, and data will start flowing tomorrow, especially with the release of the Beige Book at 2pm.

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