Florida Mortgage Rates – Morning Report

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

Locking Stance:  LOCKING     Mortgage Bonds:  -9bp

Mortgage bonds have had a good move higher, but their 20-day moving average is holding as a ceiling of resistance and they are now backing off. 

Initial Jobless Claims were better than expected and the Bank of England has kept their rates unchanged.  Stocks are looking to open higher, so bonds will likely be under pressure all day.

{ 1 comment… read it below or add one }

soammaZeda August 3, 2008 at 7:06 am

Brilliant!

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