Florida Mortgage Rates – Morning Report

by Florida's #1 Mortgage Planner on April 20, 2009

Locking Stance: LOCKING    Mortgage Bonds: +19bp

Mortgage backed securities managed to make some gains this morning, but after having fallen below their 25-day moving average (support), they will need to make a lot more progress if mortgage rates are to have any real chance of improving.  With essentially no data playing out today, Fed speeches and news, along with stocks and technicals are in the driver’s seat, and that picture does not look very good right now.

What does this mean for Florida Mortgage Rates?  Mortgage rates will not likely see any more improvement today, nor for the foreseeable future.

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