Florida Mortgage Rates – Forecast for the Week

by Florida's #1 Mortgage Planner on June 9, 2008

Where are they headed this week?  Down is my guess, getting back to the trend since they are still well below their 200-day moving average.

This week will see bonds struggling, gasping for air anywhere they can as the two heavy hitters will be Retail Sales and CPI.  The week will start out quiet, with data anyway, but things will heat up to a possible inferno by Friday, be ready for anything.

Technically speaking, bonds remain in a downtrend with the only good news being that stochastics show bonds to be in an oversold condition.  That means that another move higher as a correction should be in order.  If and when that comes remains to be seen as news and data can keep them in that condition.  I am holding that locking stance until I can see just reason to change it.

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