Florida Mortgage Rates – Midday Report

by Florida's #1 Mortgage Planner on August 13, 2008

Locking Stance:  LOCKING     Mortgage Bonds:  +6bp

Mortgage bonds are performing similarly to how Alicia Sacramone did in last night’s gymnastics performance, where she just couldn’t put together a solid routine.  Mortgage backed securities are struggling to gain ground and just cannot “go for the gold.”

As I mentioned earlier, odds favor the rise of mortgage rates still and today’s lack of movement reinforces that fact.  Stocks are down, oil prices are up and bonds are going nowhere.

Leave a Comment

Previous post:

Next post: