Florida Mortgage Rates – Midday Report

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

Locking Stance:  LOCKING     Mortgage Bonds:  -54bp

Mortgage bonds managed to rally from their lows, only to get beaten down again, even setting new lows for the day.  New Home Sales beat expectations and Consumer Sentiment is better than expected as well.

The news is not favorable for bonds, so the overall trend is likely that bonds will remain in their downtrend, even with the move off their lows. 

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