Florida Mortgage Rates – Midday Report

by Florida's #1 Mortgage Planner on October 23, 2008

Locking Stance:  LOCKING     Mortgage Bonds:  -9bp

Good news and bad news for Florida mortgage rates today.  The bad news is that mortgage backed securities are down today as I mentioned would be the likely case this morning.  The good news is that they are not down significantly.

Greenspan is now talking up increased unemployment and slower growth, which is helping MBS today.  Stocks are all over the map showing what has become the norm these days.  Currently, the DJIA is nearing the flat mark.

Where are Florida Mortgage Rates headed?  That remains to be seen for sure, but it is looking more and more apparent that they will begin to climb again.

Leave a Comment

Previous post:

Next post: