Locking Stance: LOCKING Mortgage Bonds: 6bp
Mortgage backed securities have already backed off their highs and it looks as though their 25-day moving average will remain a layer of resistance. With the absence of any real data, the markets will really rely on technicals and news, which favor higher mortgage rates still.
What does this mean for Florida Mortgage Rates? Mortgage rates will most likely tick higher in the foreseeable future.
