Florida Mortgage Rates – Midday Report

by Florida's #1 Mortgage Planner on June 12, 2009

Locking Stance: CAUTIOUSLY FLOATING    Mortgage Bonds: +84bp

Mortgage backed securities have finally mounted a new attack on their resistance layer, this one seems to be the breakthrough we have been hoping for and that means MBS are virtually free to run and test their 200-day moving average.  With a lack of Treasuries to flood the markets next week, this run-up may prove to be the opportunity to grab lower mortgage rates while they last, which may be a very short period.

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