Florida Mortgage Rates – Midday Market Report

by Florida's #1 Mortgage Planner on September 15, 2008

Locking Stance:  CAUTIOUSLY FLOATING     Mortgage Bonds:  +56bp

Right now, I am leaning toward locking as bonds have backed off of their highs, but I don’t see too much cause for alarm as long as they hold here.  With the news in the financial markets surrounding Lehman, BofA and Merrill, the consensus is that the Federal Reserve will now cut rates again in order to throw stability into the markets again.

The Federal Reserve is already doing its best to come up with new ways to “save the financials”, which I will put more out on over at the Florida Mortgage Report.  In the meantime, so long as the Fed is everyone’s savior, or safety net as it were, I am holding my stance as cautiously floating.

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