Florida Mortgage Rates – Midday Update

by Florida's #1 Mortgage Planner on June 10, 2008

Locking Stance:  LOCKING     Mortgage Bonds:  -47bp

Mortgage Backed Securities just can’t seem to catch a break right now, though I expected as much.  Bernanke’s speech last night keeps the inflation fears at the forefront, even with the Balance of Trade being worse than expected, the largest gain in four years.

Of course, the BoT was largely due to oil’s surging prices.  Bonds cannot find any strength even with stocks hanging just below water as well.  Bonds keep breaking floors of support, solidifying the downward trend and sending mortgage rates higher.

Leave a Comment

Previous post:

Next post: