Florida Mortgage Rates – Evening Report

by Florida's #1 Mortgage Planner on July 25, 2008

Locking Stance:  LOCKING     Mortgage Bonds:  -65bp

Mortgage bonds had a bad day, again.  The downtrend held in place and the retracement (correction) looks like it is over and bonds will likely continue lower.

As I expected, there was a period of time where floating proved beneficial, but in the end, bonds collapsed.  One good note, though, is they closed the week higher, meaning rates did manage to tick down a notch this week.

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