Florida Mortgage Rates – Midday Report

by Florida's #1 Mortgage Planner on November 4, 2008

Locking Stance:  CAUTIOUSLY FLOATING   Mortgage Bonds:  +28bp

Mortgage bonds have entered into a rally mode so this post is mostly to alert you of my change in stance and that floating is going to be beneficial for now.

The dollar is falling sharply (to be expected) and that is sending oil prices higher.  Bank of England and European Central Bank still expected to cut their rates.  I will get more out to you later.

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