Florida Mortgage Rates – Midday Report

by Florida's #1 Mortgage Planner on September 25, 2008

Locking Stance:  CAUTIOUSLY FLOATING     Mortgage Bonds:  3bp

Mortgage bonds are back down on the day in comparison to when I last reported, but I am going to hold my stance for now.  Mortgage backed securities are holding at their support again after more tests and failure to break through it, at least so far.

So long as bonds hold this level, or at least above their rising 25-day moving average, based on the charts I feel we will some some price improvements to come.  In this marketplace, things can change quickly based on the latest news, or just the farting cat breaking wind again, so be ready if things do get ugly.

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