Florida Mortgage Rates – Evening Report

by Florida's #1 Mortgage Planner on September 8, 2009

Locking Stance: CAUTIOUSLY FLOATING    Mortgage Bonds: +6bp

Mortgage backed securities did not move a whole lot throughout the day and ended just above flat line.  Most of the markets movements, or lack thereof, was due to the continued decline in the dollar which got commodities and stocks moving higher.  The only other plays were the Treasury Auctions, which were strong and giving more strength to MBS prices.

What does this mean for Florida Mortgage Rates?  Mortgage rates will likely hold steady and may even move lower in the foreseeable future.

 

Sidenote:  I am on vacation one more day, so normal posting will continue on Thursday and tomorrow may only be a review like today.

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