Florida Mortgage Rates – Midday Report

by Florida's #1 Mortgage Planner on September 29, 2008

Locking Stance:  CAUTIOUSLY FLOATING     Mortgage Bonds:  +44bp

The bailout bill is set to pass today in both House and Senate, and you can only expect it to be a screw up of sorts as it is being rushed.  Mortgage bonds are well off their highs and are still within their trading range, but don’t lose hope for them yet.  After all, we knew news would overshadow data in all likelihood today.

Other things happening in the markets are the DOW is down about 250 points, Oil is down around $8, and LIBOR is setting new records.  It will be an interesting day to say the least, but odds still favor lower mortgage rates in the future.

Leave a Comment

Previous post:

Next post: