Florida Mortgage Rates – Morning Report

by Florida's #1 Mortgage Planner on July 22, 2008

Locking Stance:  CAUTIOUSLY FLOATING     Mortgage Bonds:  0bp

Yesterday saw a little more improvement in pricing than when I last reported, ending the day up 28bp.  That will be good for a decent price this morning and is likely the beginning of the correction I have been talking about, so there may still be more upward movement remaining.

There is no data scheduled to be released today, so yesterday’s move may not run into resistance for a little while.  We are looking also at a stochastic crossover forming, signaling a correction is started.  I will again be away from the computer most of the day, but will report when I can.

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