Florida Mortgage Rates – Midday Report

by Florida's #1 Mortgage Planner on September 10, 2008

Locking Stance:  LOCKING     Mortgage Bonds:  -6bp

Mortgage bonds are having another “seasick” day, with ups and downs.  The spread is fairly large, nearly 50bp, so there was a brief period available for gains except no lenders seemed to reprice.

Mortgage bonds are heading back lower, likely to retest their support and it looks like any gains to be had are now by the wayside.  Oh, and oil prices are now down.  In all likelihood, continued volatility will remain today, but I will not switch stances again unless something really significant plays out.

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