Florida Mortgage Rates – Morning Report

by Florida's #1 Mortgage Planner on March 30, 2009

Locking Stance: LOCKING    Mortgage Bonds: 0bp

Once again, I find myself trapped in an airplane and unable to give updates as warranted.  That being said, there is no data plays today, although news and a speech by Elizabeth Duke could make some waves in the mortgage backed securities market.

Mortgage bonds are holding their own these days, but with me being in the air and the possibility that they could drop and retest their support today, I am going to hold a locking stance today.  If there are any major changes or events, I will give a breakdown this evening or tomorrow.  As for the week ahead, don’t forget to check out this week’s Mortgage Market Update at Lenderama.

What does this mean for Florida Mortgage Rates?  I expect mortgage rates to hold steady today, though they may move slightly in either direction.

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