Florida Mortgage Rates – Midday Report

by Florida's #1 Mortgage Planner on August 4, 2008

 Locking Stance:  LOCKING     Mortgage Bonds:  -22bp

Mortgage bonds dove out of the starting gate, but have recovered to their current levels.  This morning’s data was the primary reason for their demise, adding oil price rises into the equation.

All eyes are now focusing on tomorrow’s Fed decision and maybe with this new data they can get their heads out of their behinds and start raising rates.  That thought is helping bonds a little right now.

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