Florida Mortgage Rates – Midday Update

by Florida's #1 Mortgage Planner on June 11, 2008

Locking Stance:  LOCKING     Mortgage Bonds:  +50bp

I am going to switch back to a locking stance as bonds climbed up and are now backing down.  Many lenders came out with re-prices for the better at or near the top in pricing, so go ahead and lock in those gains if you can before they are start to re-price for the worse.

The correction may be over already, or we may see another rally kick in.  Only time will tell and tomorrow’s Retail Sales report will shake the markets.  This afternoon’s Beige Book (released by the Fed) may also rattle the markets a bit, so don’t forget to check back here in case the stance switches again.

Retail Sales has been beating expectations lately, so tomorrow could bring disaster for bonds.  Then again, if it comes in below expectations, bonds could rally more.  Never a dull moment when you get down to it, so subscribe to the feed and you won’t miss any of my updates.

Leave a Comment

Previous post:

Next post: