Florida Mortgage Rates – Midday Report

by Florida's #1 Mortgage Planner on November 14, 2008

Locking Stance:  CAUTIOUSLY FLOATING    Mortgage Bonds:  +31bp

Mortgage bonds have managed to inch up a little since this morning’s report, but that isn’t instilling much comfort.  Consumer Sentiment was slightly better than expected, but most consumers don’t watch economic reports either, not to mention growing numb to the media’s “end of the world” presentations.

My “trigger finger” has grown very itchy lately, but bonds continue to hang in there for now.  I think it is a matter of time before MBS falter and begin the next move to the bottom of their trading range, the only question being today or next week.  Rest assured that when I pull the trigger, I will let you know.

In the meantime, for your enjoyment, you can take a look at my post on Paulson’s switcheroo.

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