Florida Mortgage Rates – Midday Report

by Florida's #1 Mortgage Planner on September 24, 2008

Locking Stance:  LOCKING     Mortgage Bonds:  9bp

Mortgage bonds have had another up and down day on testimony by Bernanke and soon Paulson.  The testimonies before Congress so far have left traders remaining dazed and confused about what the whole bailout is going to do regarding salvation of the markets.

Existing Home Sales came out this morning and had little effect on trading as was expected.  It appeared some traders acted on it, but for the most part, everything went back to listening to Bernanke. 

As the day progresses, you can expect more of the same as more testimony is aired. 

Leave a Comment

Previous post:

Next post: