Florida Mortgage Rates – Market Recap

by Florida's #1 Mortgage Planner on September 24, 2008

Locking Stance:  LOCKING     Mortgage Bonds:  -6bp

Mortgage bonds performed about as well as I expected; very little movement at all compared to yesterday.  They did manage a mini rally which fooled some into thinking floating may work out, but in the end all you could see was another lackluster day.

Tomorrow may be a little more fun as we will see Initial Jobless Claims and that could light a spark, but continued confusion may even overshadow that data.  Stay tuned for tomorrow’s data release just after the markets open and let’s see if we can’t say something besides blah, blah, another bailout, blah….

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