Florida Mortgage Rates – Morning Report

by Florida's #1 Mortgage Planner on May 25, 2009

Locking Stance: LOCKING    Mortgage Bonds: 0bp

Happy Memorial Day!!!  One good thing about Memorial Day for mortgage rates is that the markets are closed so mortgage rates cannot get any worse.  Tomorrow will resume the market trends and will begin the testing of mortgage rates for the future.  Can they remain within their trading range?  Will the Fed come to their rescue?  For more details, head over to this week’s Mortgage Market Update at Lenderama.

What does this mean for Florida Mortgage Rates?  You most likely will not be allowed to lock your loans today due to the mortgage markets (and most lenders) being closed. 

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