Florida Mortgage Rates – Midday Update

by Florida's #1 Mortgage Planner on June 20, 2008

Locking Stance:  LOCKING     Mortgage Bonds:  -3bp

“Resistance is futile”.  Bonds are now backing off their highs after their inability to break through the resistance layer.  Stocks are off their lows, so bonds are seeing some sell offs.  I am going back to a locking stance at this point as a re-price for the worse may be coming our way.

As the week draws to a close, it is likely going to be better to lock, at least sleep wise.  Next week will start rather tame as well, but then it will heat up with data starting on Tuesday.  Have a great weekend.

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