Florida Mortgage Rates – Midday Report

by Florida's #1 Mortgage Planner on October 2, 2008

Locking Stance:  LOCKING     Mortgage Bonds:  +18bp

Mortgage bonds have tested their 25-day moving average several times and it keeps knocking them back down, leaving me a little skeptical of tomorrow’s data’s ability to break through.  Stochastic indications are headed toward an oversold condition, but are not there yet.  I still think tomorrow will be an up day for bonds, but it is in question based on the last few days performance.

I will be flying this afternoon, but will give you a more detailed analysis, possibly even a switch in stance, later this evening.

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