Florida Mortgage Rates – Morning Report

by Florida's #1 Mortgage Planner on February 16, 2009

Locking Stance: LOCKING    Mortgage Bonds: 0bp

The mortgage backed securities market is closed in observance of President’s Day, and will reopen tomorrow.  In the meantime, I have uploaded my weekly Mortgage Market Update at Lenderama for your review. 

We are seeing weakness in stocks overseas and Fed Governor Duke didn’t take the day off as she delivered a speech on the housing market in Phoenix, Arizona this morning.  With a shortened trading week, expect volatility to start tomorrow, but overall expect mortgage rates to rise this week.  have a great day and i will report again in the morning.

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