Florida Mortgage Rates – Midday Report

by Florida's #1 Mortgage Planner on September 3, 2008

Locking Stance:  CAUTIOUSLY FLOATING     Mortgage Bonds:  +9bp

The strong dollar and lower oil prices, not to mention the complete lack of confidence in stocks these days, is aiding to push mortgage bonds higher, albeit only slightly.  As I mentioned this morning, I did not expect much movement in the bond market, at least until this afternoon.

With the continued strength showing in the bond market, or should I say the favor leaning toward bonds, I am going to go back to the cautiously floating stance for now.  We are still awaiting the Beige Book release, so there may be some more dramatic movement in the markets at that time. 

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