Florida Mortgage Rates – Midday Report

by Florida's #1 Mortgage Planner on August 7, 2008

Locking Stance:  LOCKING     Mortgage Bonds:  +12bp

Mortgage bonds are managing a rebound from their lows and have created a “doji” for the day at the moment.  That is a good sign for now, but it is not good enough for me to switch stances just yet.

As the day progresses and things develop, we could see bonds continue to strengthen or falter again.  Much of that will depend on a treasury auction this afternoon.  Better than expected participation again would likely give mortgage bonds a much needed boost.

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