Florida Mortgage Rates – Midday Update

by Florida's #1 Mortgage Planner on June 12, 2008

Locking Stance:  LOCKING      Mortgage Bonds:  -44bp

Greetings from Santiago, Chile.  Sorry for the lack of an earlier report, but I have had a long night and morning, which is a rather long story as well.

As I expected, Retail Sales beat expectations yet again and sent bonds tumbling lower, keeping the downward momentum in place.  CPI is due out tomorrow, so that momentum may even accelerate.

The good news is Plosser´s talking up rate hikes.  Finally, someone in the Fed truly making sense, Amen.  I am going to keep this post short as I am off to get some sleep.  If things change, I will get off another post later this afternoon.

Leave a Comment

Previous post:

Next post: